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IN THE NEWS Drugmaker Hikes Price of AIDS Drug 5,000 Percent! Turing Pharmaceuticals hiked the price of Daraprim, a critical drug for preventing infections in

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IN THE NEWS Drugmaker Hikes Price of AIDS Drug 5,000 Percent! Turing Pharmaceuticals hiked the price of Daraprim, a critical drug for preventing infections in people with the HIV virus, from $13.50 per capsule to $750. Turing, a pharmaceutical start-up, acquired the rights to Daraprim in August. In September, it announced a price hike of 5,000 percent. The company's CEO, Martin Shkreli, defended the price hike, saying "the companies before us were actually giving it away almost." "We need to turn profit on this drug," Shkreli told Bloomberg News. Because the cost of producing the drug is only $1 a capsule, Shkreli told his board of directors that the company could earn a cool billion dollars at the higher price. Source: Media reports of September 2016. b. The barrier to entry that best matches is: (Click to select Monopoly franchises Economies of scale Patents rsists Control of key inputs Lawsuits called the fur of the sable the "Golden Fleece." Unlike any other fur, s, even after stroked. Living in the wilds of Siberia tha

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