Patents provide protection for new products in the, Ask an Expert

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Patents provide protection for new products in the marketplace. Patent protection allows pharmaceutical companies to sell drugs for a number of years without direct competition. This can result in extremely high prices for important (possibly live-saving) drugs.

Should this protection be reduced or eliminated in order to lower costs of health care? What would be the result? Explain your position in detail.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93120100

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