ECO 204 Week 4 Discussion 2 | Assignment Help | Ashford University
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- 03 Dec 2020
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ECO 204 Week 4 Discussion 2 | Assignment Help | Ashford University
Week 4 - Discussion 2
Barriers to Entry
Patents are granted
for 20 years, but pharmaceutical companies cannot use their patent-guaranteed
monopoly powers for anywhere near this long because it takes several years to
acquire Food and Drug Adminstration (FDA) approval of drugs.
·
What purposes do barriers to entry created by the government serve?
·
What are other barriers to entry in the pharmaceutical industry?
·
Should drug patents be extended to 20 years after FDA approval?
·
Explain what would be the costs and benefits from this extension.
Your initial post
should be a minimum of 300 words.
Guided Response: Respond substantively (a minimum of
100 words) to at least two of your classmates’ posts. What is similar or
different between your post and theirs? What advice could you offer them?
Substantive responses use theory, research, experience, or examples to support
ideas and advance class knowledge on the discussion topic.
USA 
India