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Consider the marginal benefits and marginal costs of spending time on drug testing. Should the Food and Drug Administration (or its' New Zealand counterpart, Pharmac)

Consider the marginal benefits and marginal costs of spending time on drug testing. Should the Food and Drug Administration (or its' New Zealand counterpart, Pharmac) ensure that every drug is 100 percent safe before it is introduced to the market? Explain fully with the aid of an appropriate diagram.

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