In generic drug pricing what is the impact competitors and additional factors have on the results of the generic drug pricing strategies?

Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter9: Monopoly
Section: Chapter Questions
Problem 26CTQ: Why are generic pharmaceuticals significantly cheaper than name brand ones?
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In generic drug pricing what is the impact competitors and additional factors have on the results of the generic drug pricing strategies?

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