Respond to the response below:

• What purposes do barriers to entry created by the government serve?

The purpose of barriers to entry is to keep new rivals out of a market. Government agencies may erect some entry obstacles, while financial constraints may also play a role. Different market structures, such as monopolies or oligopolies (a small number of enterprises), are caused by these restrictions. It is like my local cable company here in Fort Mill SC, they have pushed out all the big companies and made themselves the sole internet provider in the area. The local and state government needs to come in and bust up this monopoly to help drive better internet speeds and better prices.

• What are other barriers to entry in the pharmaceutical industry?

Establishing a strong distribution network and the necessary infrastructure is essential and difficult for newer businesses, providing existing businesses with a significant edge. For example, the government throw Martin Shkreli for jacking up the prices of HIV, and cancer treatment to cover the company's losses to help everyday customers from overpriced meds.

• Should drug patents be extended to 20 years after FDA approval?

Since a drug's patent only lasts 20 years, manufacturers of branded medications move quickly to capitalize on its creation. For a person who has type 2 diabetes it should be extended for 1,000 years it is not fair to exploit sickness for profit. Living savings drugs should be accessible by all people, big pharma profits enough yearly from corporate welfare.

• Explain the potential costs and benefits of this extension.

It is a marriage match made in heaven if the FDA approval process was extended, more and more big pharma would line up for corporate welfare creating jobs both private and government jobs. The customer would be a winner by having cheaper drug cost to living savings meds. Safer drugs coming into the market with stick guidelines to follow