Anti-Trust Laws Essay
Anti-trust laws were created to stop businesses that are to big from blocking the competition and abusing their power over other businesses.
Why would the drug maker want to stymie generic competition? Explain. There is one major reason that any pharmaceutical company would attempt to stymie generic competition of any loss of their revenues’. Generic brands of drugs are normally provides the exact same level of benefits just at a much lower cost. The drug makers would defiantly lose millions of dollars by allowing a generic copy of their drug to be sold. The second reason would be the cost of making the drug along with advertising and marketing it as well would cost thousands of dollars. Along with the cost …show more content…
This could cause a lot of down fall with many different pharmacies and unhappy people that live on a small or tight budget. Many people on Medicare can’t get the name brand medication they have to buy the generic brand; this means without generic brand they will have to go without.
Example 2 Why do you think consumer advocates have expressed concern over such merger possibilities? One of the