Why might the price increases described in the news clip be against the social interest and benefit

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Why might the price increases described in the news clip be against the social interest and benefit only the producer?

Apotex was fined $24.1 million for working with other drug companies to inflate the price of pravastatin.
More than a dozen drug makers have been accused of conspiring to inflate prices by up to 1,000 percent on various medications.

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Economics

ISBN: 9781292433639

14th Global Edition

Authors: Michael Parkin

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Question Posted: Jan 27, 2024 10:03 PM

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Why might the price increases described in the news clip be against the social interest and benefit

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The price increases described in the news clip might be against the social interest yet benefit only the producer due to several reasons 1 Higher Cost ...View the full answer

Economics

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