Economics @ ITT

If Drug Companies Could Charge Higher Prices, Why Arent They?

Posted in economics, microeconomics by ittecon on February 15, 2013

What the hell is economist Douglas Holtz-Eakin smoking when he implies that pharmaceutical companies are not maximising profits?

Economists usually believe that companies try to make as much money as possible. This is why readers of an NYT article on plans to reduce Medicare payments for drugs might have been surprised…

via If Drug Companies Could Charge Higher Prices, Why Arent They? | Beat the Press.

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