Many governments require companies that produce drugs to obtain government approval before selling a new drug. This is done to _____, and it leads to _____ in the market for the new drug.

Question

Quizplus · Accepted Answer

Government approval before selling a new drug ensures public safety by making sure that the drug is safe and effective. This leads to a barrier to entry for other companies since they also have to obtain government approval, which can be a lengthy and expensive process.

Many Governments Require Companies That Produce Drugs to Obtain Government