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Read this article(How mylan got away with its enormous price hike for the EpiPen) about the Epipen and answer these questions.Why was the manufacturer able
Read this article(How mylan got away with its enormous price hike for the EpiPen) about the Epipen and answer these questions.Why was the manufacturer able to increase the price so much? What type of good is an Epipen? Do you think that the price increase is fair for consumers? Was raising the price in the best interest of the manufacturer? How did they think raising the price would affect their revenue? Why? [Be sure to refer to economic theory when answering these questions.]
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