Top Research Professionals
The research experts and assignment help team consists exclusively of highly qualified graduate writers, each professional with in-depth subject matter expertise and significant experience in custom academic writing.
Boost Your Final Grades By Ordering Custom Writing Help!
For similar papers and sample answers; with a few clicks, Order your research paper, thesis, dissertation writing and other assignment help services
Posted: September 5th, 2023
reply to classmate discussion
please reply to this classmate discussion board post, 100 words please, need by 1pm eastern time on sunday
Monopoly:
Pharmaceutical companies can be considered as monopoly as once they develop a drug, they have patents on it for some years before any other company can produce a substitute product. Best example I can give is of Turning Pharmaceuticals who acquired a drug in 2015 and raised the price of the drug from $13.50 to $750 overnight (CNBC, 2015). Sometimes price of the drugs increase due to shortages but for Turning pharmaceuticals, it was a plain monopoly.
Perfect Competition:
According to Chapter 8 of “Economics for Today”, “No real world market exactly fits the three assumptions of perfect competition. The perfectly competitive market structure is a theoretical or ideal model, but some actual markets do approximate the model fairly closely. Examples include farm products markets, the stock market, and the foreign exchange market (Page, 214).
As the firms enter in competitive market, they take the price from the industry and that is why these are called Price Takers.
References:
Pollack, Andrew. “Drug goes from $13.50 a tablet to $750, overnight.” CNBC, CNBC, 21 Sept. 2015, www.cnbc.com/2015/09/21/drug-goes-from-1350-a-tablet-to-750-overnight.html.
Why Choose our Custom Writing Services
We prioritize delivering top quality work sought by college students.
Discounted Pricing
Our custom writing services maintain the highest quality while remaining affordable for students. Our pricing for research papers, theses, and dissertations is not only fair considering the superior quality but also competitive with other writing services.
0% Similarity Index
We guarantee plagiarism-free, human-written content. Every product is assured to be original and not AI-generated. Our writers, tutors and editors are research experts who ensures the right formating and citation sytles are followed. To note, all the final drafts undergo rigorous plagiarism checks before delivery for submission to ensure authenticity for our valued customers.
How it works
When you decide to place an order with Dissertation Help, here is what happens: