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Economics

Question: Suppose a certain pharmaceutical drug has only one use: it is 100 percent effective at saving the life of someone afflicted with a certain rare dis-ease. Given its effectiveness, patients who need it would purchase the drug even if its price increased dramatically. What are the efficiency implications of providing this drug to patients through a third-party payer?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M92299148

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