Drug companies are allowed to be monopolists in the drugs they discover in order to A. increase the availability of expensive but useful medications. B. encourage research. C. increase the overall welfare of society through better health because drug companies continually produce better medications. D. All of the above are correct.

Question

Leo Estes

Business

26 February, 16:18

Drug companies are allowed to be monopolists in the drugs they discover in order to A. increase the availability of expensive but useful medications. B. encourage research. C. increase the overall welfare of society through better health because drug companies continually produce better medications. D. All of the above are correct.

+3

Answers (1)

Know the Answer?

Marco Banks · Answer 1

All of the above are correct.

Answer: Option D.

Explanation:

Medication organizations are permitted to charge over the minimal cost and become monopolists since it gives a motivator to energize examine by different organizations to make items that will gain them benefit.

If they become the monopolists, they will earn more profit and money and this will act as an incentive for them to work more towards innovation, increasing productivity.