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8 January, 07:32

Drug companies are allowed to be monopolists in the drugs they discover in order to

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  1. 8 January, 09:00
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    allow drug companies to charge a price that is equal to their marginal cost

    Explanation:

    Drug companies are allowed to be monopolists in the drugs they discover in order to allow drug companies to charge a price that is equal to their marginal cost.

    When a monopolist is able to sell its product at different prices to different customers, it is likely engaging in price discrimination. The practice of selling a product to different customers at different prices when marginal cost is the same is known as price discrimination.
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