9. LAST WORD How does a generic drug differ from its brandname, previously patented equivalent? Explain why
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9. LAST WORD How does a generic drug differ from its brandname, previously patented equivalent? Explain why the price of a brand-name drug typically declines when an equivalent generic drug becomes available. Explain how that drop in price affects allocative efficiency.
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Related Book For 
Economics Principles Problems And Policies
ISBN: 9780073511443
19th Edition
Authors: Campbell Mcconnell ,Stanley Brue ,Sean Flynn
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