Question: When the patent expired on a drug named Librium (a sedative that was the forerunner of Valium), its price dropped from $15 to $1.10.8 Explain

When the patent expired on a drug named “Librium” (a sedative that was the forerunner of Valium), its price dropped from $15 to $1.10.8 Explain why this drop in price occurred. Relate your explanation to the problem of efficient incentives for creating and transmitting an idea.

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