If the Market for Pharmaceutical Drugs is Sick, then What is the Cure?

Markets, like people, can be either healthy or sick. Healthy markets need no assistance from the government to provide adequate quantities at reasonable prices; however, sick markets do. For a market to be healthy, its price must equal the marginal cost of production. In equation form this is P = MC. Marginal cost (MC) isContinue reading “If the Market for Pharmaceutical Drugs is Sick, then What is the Cure?”