Excessive and improper use of antibiotics is contributing to the resistance of many diseases to existing antibiotics. Consider a regulatory program in Canada that would monitor antibiotic prescription by physicians. Analysts estimate the direct costs of enforcement to be $50 million, the time costs to doctors and health professionals to be $250 million, and convenience costs to patients to be $190 million annually. The annual benefits of the program are estimated to be $360 million in avoided resistance costs in Canada, $80 million in health benefits from better compliance with prescription, and $300 million in avoided resistance costs in the rest of the world.

1.Discuss the potential cost? Be comprehensive (10)

2.Are there any external impacts? Explain (5)

3.Identify the stakeholders and describe who are the winners and losers? (10)