In the market for pharmaceuticals, the issue of "drug loss" illustrates which of the following ideas?

Question

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Drug loss refers to the process in which a drug fails to pass through the required testing stages and thus does not receive approval for use. As a result, resources, time, and money invested in the development of the drug are lost. This loss can lead to higher costs for pharmaceutical companies, making them less likely to invest in drug development, resulting in fewer drugs reaching the market. In turn, this can result in more lives lost due to lack of access to treatments for diseases. Therefore, the issue of drug loss demonstrates that the high cost of drug testing can be a barrier to drug development, which can have life-threatening consequences.

In the Market for Pharmaceuticals, the Issue of "Drug Loss