The most important demand side factor in determining the cost of a drug is its therapeutic advance compared to products on the market.
Correct Answer:
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Q10: Drug Prices
A) Are determined by research and
Q11: Americans are content with pharmaceutical expenditures.
Q12: Pharmaceuticals have a service and manufacturing component.
Q13: Manufacturing constitutes over half the cost of
Q14: Research and development as a fixed cost
Q15: Generic drugs can differ from the branded
Q16: Drug prices are determined by fixed costs
Q18: Pricing studies that rely on reported prices
Q19: The same price setting mechanisms are in
Q20: Physicians have many incentives to limit drug
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