Many people argue that the U.S. government should control pharmaceutical prices. What would most likely happen as a result of this policy?

Question

Quizplus · Accepted Answer

When the government sets price controls on pharmaceuticals, it would lead to lower prices for consumers. However, this would also result in lower profits for pharmaceutical companies, which could decrease their incentive to invest in research and development of new drugs. This would ultimately result in fewer new drugs being developed and less innovation in the pharmaceutical industry.

Many People Argue That the U