Once a drug has been invented, marginal production costs are typically

Name: Once a drug has been invented, marginal production costs are typically
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Once a drug has been invented, the marginal production costs are typically much less than the price, as the majority of the cost goes into the research and development (R&D) phase. Therefore, the pharmaceutical company can charge a high price to recoup the R&D costs and still make a substantial profit, as the production costs are relatively low.

Once a Drug Has Been Invented, Marginal Production Costs Are