Which of the following statements is true of the market for prescription drugs in the U.S.?
A) The FDA encourages the entry of new drugs in the market.
B) The time required to bring a new drug to the market has declined over time.
C) The drug manufacturing firms enjoy economies of scale,hence the cost of producing new drugs have declined.
D) More than 60 percent of the biopharmaceutical products approved in the U.S.originated either in Europe or in Japan.
E) The latest estimate of the cost to develop a new drug and bring it to market exceeds $800 million.
Correct Answer:
Verified
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