In the early 2000s, the wholesale price of the generic drug fluoxetine (the generic for Prozac) was
Question:
In the early 2000s, the wholesale price of the generic drug fluoxetine (the generic for Prozac)
was $3.60 per 100.
a. Given that the cost of dispensing this drug was about
$5 to $10 per prescription, how much would you expect the drug to sell for?
b. A prescription for 100 tablets of fluoxetine sold for
$54 at DrugStore.com and sold for similar prices at other pharmacies. What would you conclude about the market structure, given that information?
c. At Pharmnet.com one could buy 100 fluoxetine tablets for $26. If this was true, what can we say about drug market imperfections?
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Step by Step Answer:
a To estimate how much the drug would sell for we need to consider the wholesale price of the drug a...View the full answer
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