In the beginning of today’s lecture, professor talks about the signals of market failures, the most impressive signal for me is that the price not known by decision-makers. Actually in treatment, it is not only healthcare providers’ responsibility, but a two-way interaction between physicians and patients. The patients do not know the price when get the prescription from physicians. Additionally, the pharmaceutical price market is different from other markets. For example, the price would do go down even if competitors enter the drug market. For other markets, due to the competition in price, the price usually goes down. These factors all contribute to the uniqueness and specialty for pharmaceutical market. Pharmacists should be more careful
