Which of the Following Is True About Generic Drugs

question 10

Multiple Choice

Which of the following is True about generic drugs?

• A) They contain the same active ingredients as brand-name drugs.
• B) They are generally more expensive than brand-name drugs.
• C) Physicians tend to resist prescribing generic drugs.
• D) All drugs are available in generic form.

Appreciate the economic rationale behind antitrust laws and how they aim to promote fair competition and protect consumers.

Identify and explain the role of various bodies and acts (such as the Federal Trade Commission Act and the Clayton Act) in enforcing antitrust laws.

Understand the concept of market power and its implications in antitrust law.

Recognize defenses against allegations of antitrust violations.

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Definitions:

Liability

The condition of having legal accountability, especially regarding debts or legal duties.

Control

The power to direct the management and policies of a company or organization, often through ownership of a majority of shares.

Expansion

Expansion refers to the process of growing or enlarging the scale, scope, or reach of something, such as a business, territory, or concept.