Critics point out that in the drug industry, where a pill costing five cents to make may cost the consumer $2 to buy. This is an example of which of the following?

Name: Critics point out that in the drug industry, where a pill costing five cents to make may cost the consumer $2 to buy. This is an example of which of the following?
Brand: Quizplus
Rating: 4.9 (42 reviews)

Question

Quizplus · Accepted Answer

The situation described is an example of excessive markups, where the price charged to the consumer is significantly higher than the cost of producing the product.

Critics Point Out That in the Drug Industry, Where a Pill