| December 14, 2015

Pharmaceutical companies often get patents granting them the exclusive right to produce and market drug formulations they have developed. These patents are:
the result of non-compete agreements signed by pharmaceutical firms.
in violation of ethical principles on which business is based.
probably of little use because what one firm can patent, another can duplicate.
rewards for the millions that the firms invested in the research and development process.

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Market structures

Category: Marketing

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