ECON100 week 4 homework

Economics
Tutor: None Selected Time limit: 1 Day

what best describes the trade-offs of pharmaceutical patents

Jan 26th, 2015

The trade-offs involved with pharmaceutical patents balance the benefits of encouraging an increased level of innovation and the drawbacks of refraining from the provision of some services in competition. For example, with the inventors given complete control of the incentive stage, the dimensions ("length, width, and height") of the pharmaceutical patent have to be carefully balanced in order to maintain the stability of the given company.

Hope this helped, thanks!

Jan 26th, 2015

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