Week 15 The Hidden Monopolies That Raise Drug Prices Article Summary

Read the article titled β€œThe Hidden Monopolies That Raise Drug Prices (Links to an external site.)Links to an external site.” in The American Prospect about a current monopoly (or near-monopoly, which effectively is very similar) in the US drug market. Explain what parts of the article were illuminating, disturbing, disagreeable, etc. What did you learn from the article? What other information could have been included? Do you agree or disagree with the article’s premise, and why? Which of the three barriers to entry discussed in the notes is/are the likely culprit(s) in this case?

As stated on the syllabus, write at least one full page response including a summary of the article, how it relates to specific content in our course (either in the notes or textbook), and your own reactions, thoughts, feelings, questions, opinions, etc., about the article itself.