Which of the Following Statements Is True of the Market

question 65

Multiple Choice

Which of the following statements is true of the market for prescription drugs in the U.S.?

• A)The FDA encourages the entry of new drugs in the market.
• B)The time required to bring a new drug to the market has declined over time.
• C)The drug manufacturing firms enjoy economies of scale,hence the cost of producing new drugs have declined.
• D)More than 60 percent of the biopharmaceutical products approved in the U.S.originated either in Europe or in Japan.
• E)The latest estimate of the cost to develop a new drug and bring it to market exceeds $800 million.

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Definitions:

Justify Your Request

Providing sufficient reasons or evidence to support the legitimacy or necessity of a demand or desire.

Grant A Claim

Grant A Claim means to acknowledge or agree to a request, demand, or right, often in legal, consumer service, or policy contexts.

Subject Line

The heading at the top of an email or message that indicates the topic or purpose of the communication.

Repair The Relationship

The process of mending or restoring a broken or strained relationship through communication, understanding, and reconciliation.