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How does a generic drug differ from its brand-name previously patented equivalent Explain why the price of a brand-name drug typically declines when an equivalent generic

How does a generic drug differ from its brand-name, previously patented equivalent? Explain why the price of a brand-name drug typically declines when an equivalent generic drug becomes available? Explain how that drop in price affects allocative efficiency.

Apr 23 2020 View more View Less

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