The government attempting to control prescription drug prices would have reduced the uncertainty in that industry because competition would have decreased.

Question

Quizplus · Accepted Answer

The statement is incorrect. Government control over prescription drug prices would likely decrease profits for pharmaceutical companies, making them less incentivized to invest in new drugs and research. This could ultimately lead to decreased competition and innovation in the industry. Therefore, controlling prescription drug prices would not reduce uncertainty in the industry.

The Government Attempting to Control Prescription Drug Prices Would Have