We are here with you hands in hands to facilitate your learning & don't appreciate the idea of copying or replicating solutions. Read More>>

Looking For Something at vustudents.ning.com? Click Here to Search

www.bit.ly/vucodes

+ Link For Assignments, GDBs & Online Quizzes Solution

www.bit.ly/papersvu

+ Link For Past Papers, Solved MCQs, Short Notes & More

 

The Case:


Pakistan has effervescent pharmaceutical industry. This industry meets around 70% of the country’s demand. With the increase in diseases overtime, the industry has also been widening up. Pakistan is one of the developing countries with low per capita income and high unemployment rate. Majority of the people are not being able to cure themselves from the various diseases due to higher prices of the medicines. Many new drugs are expensive because they are patented. This social welfare cost reduces the consumer surplus on one hand and increases the producer surplus on the other hand. These patents allow the producers to produce more and earn higher profits as no one else can produce the same medicine due to patents. These patents also allow the firms to innovate and invest more in the pharmaceutical industry. Government is facing the dilemma how to encourage innovation and efficiency in the pharmaceutical industry without social welfare cost.

 

 

Requirements:

Being an economist, what recommendations would you suggest to solve this dilemma?

 

Please Share Ur Recommendations.......

+ How to Follow the New Added Discussions at Your Mail Address?

+ How to Join Subject Study Groups & Get Helping Material?

+ How to become Top Reputation, Angels, Intellectual, Featured Members & Moderators?

+ VU Students Reserves The Right to Delete Your Profile, If?


See Your Saved Posts Timeline

Views: 184

.

+ http://bit.ly/vucodes (Link for Assignments, GDBs & Online Quizzes Solution)

+ http://bit.ly/papersvu (Link for Past Papers, Solved MCQs, Short Notes & More)

+ Click Here to Search (Looking For something at vustudents.ning.com?)

+ Click Here To Join (Our facebook study Group)

Replies to This Discussion

plz provide the solution to this ! this eco404 sucks ! :(

RSS

Latest Activity

Student liked + M.Tariq Malik's group MGT611 Business & Labor Law
4 minutes ago
+ M.Tariq Malik replied to + M.Tariq Malik's discussion MTH202 Discrete Mathematics Assignment No 01 Fall 2019 Solution & Discussion in the group MTH202 Discrete Mathematics
5 minutes ago
+ M.Tariq Malik liked + M.Tariq Malik's discussion MTH202 Discrete Mathematics Assignment No 01 Fall 2019 Solution & Discussion
5 minutes ago
Profile IconAnaya Rajput and Nabeel Ahmed joined + M.Tariq Malik's group
5 minutes ago
Profile IconBISMA BUTT, saher naveed, Noorfatima and 11 more joined Virtual University of Pakistan
7 minutes ago
+ M.Tariq Malik added a discussion to the group MTH202 Discrete Mathematics
7 minutes ago
+ M.Tariq Malik replied to + M.Tariq Malik's discussion PSY502 Assignment No 01 Fall 2019 Solution & Discussion Due Date: 18-11-2019 in the group PSY502 History & Systems of Psychology
14 minutes ago
+ M.Tariq Malik liked + M.Tariq Malik's discussion PSY502 Assignment No 01 Fall 2019 Solution & Discussion Due Date: 18-11-2019
14 minutes ago
+ M.Tariq Malik added a discussion to the group PSY502 History & Systems of Psychology
14 minutes ago
Ahmad replied to + M.Tariq Malik's discussion EDU601 Philosophy of Education Assignment No 01 Fall 2019 Solution & Discussion in the group EDU601 Philosophy of Education
14 minutes ago
Ahmad joined + M.Tariq Malik's group
14 minutes ago
+ M.Tariq Malik liked + M.Tariq Malik's discussion EDU601 Philosophy of Education Assignment No 01 Fall 2019 Solution & Discussion
19 minutes ago
+ M.Tariq Malik replied to + M.Tariq Malik's discussion EDU601 Philosophy of Education Assignment No 01 Fall 2019 Solution & Discussion in the group EDU601 Philosophy of Education
19 minutes ago
+ M.Tariq Malik added a discussion to the group EDU601 Philosophy of Education
20 minutes ago
Profile IconAli Khan and Adeel Sheraz joined + M.Tariq Malik's group
20 minutes ago
Adeel Sheraz joined + M.Tariq Malik's group
20 minutes ago
Profile IconAdeel Sheraz and Mudasar Shakil joined + M.Tariq Malik's group
21 minutes ago
ϝ ι ყ α liked + sílєnzíσ's discussion Fall 2019 Mid Term Examinations: Make your date sheet NOW!
23 minutes ago
ϝ ι ყ α replied to + sílєnzíσ's discussion Fall 2019 Mid Term Examinations: Make your date sheet NOW!
23 minutes ago
Ali Khan updated their profile
25 minutes ago

© 2019   Created by + M.Tariq Malik.   Powered by

Promote Us  |  Report an Issue  |  Privacy Policy  |  Terms of Service