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QUESTION
a) Under what circumstances will a drug company charge more for its drug after its patent expires?
a) Under what circumstances will a drug company charge more for its drug after its patent expires?
b) Proposals to reduce patent length for drugs are sometimes made, but some critics argue that such a change would result in even higher prices during the patent period as companies would need to recover drug development costs more quickly. Is this argument valid if drug companies maximize profit?
