It Is Not Uncommon to Find That Prescription Drugs Sell

question 80

Multiple Choice

It is not uncommon to find that prescription drugs sell for more in the United States than they do in other countries.Which of the following statements about this issue is most likely to be true?

• A)Drug companies are engaging in price discrimination, and this practice certainly reduces global social welfare.
• B)Global social welfare could be improved if the price in the United States were reduced to the price charged in other countries.
• C)Global social welfare could be improved if the price in the other countries were increased to the price charged in the United States.
• D)Drug companies are engaging in price discrimination, but this might improve global social welfare if it gives more people access to the drugs.

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Definitions:

Cultures

The shared values, traditions, norms, customs, arts, history, folklore, and institutions of a group of people.

Corporate Ladder

A metaphor for the hierarchical structure of a corporation or organization, indicating the levels of responsibility and authority.

Management Roles

Positions or functions within an organization responsible for directing, controlling, and organizing work activities and resources.

Men and Women

Refers to the two primary categories of gender identity in humans, each with its own societal roles and biological characteristics.