Ask Question
28 October, 18:26

With a patent on drug Z27, why would Able Drug Company charge customers $7 per 100 units even though its cost of producing 100 units is less than that?

+3
Answers (1)
  1. 28 October, 18:40
    0
    If Able Drug Company already has a patent on a drug called drug Z27, then they have the rights to charge it higher than the cost of production. They do this so that they would gain profit from the drug that they have patented and to be able to expand their business more with it.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “With a patent on drug Z27, why would Able Drug Company charge customers $7 per 100 units even though its cost of producing 100 units is ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers