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goverments play a role in all economic system?
The drug industry usually defends the high price on drugs ? the latest cancer therapies are tipping the scales at $100,000 a year ? by pointing to the large sums it spends on research and development. [ [ It is true that drug firms spend a larger share of their revenue on R&D than most other industries, typically anywhere from 15 to 20 percent of sales. And Eli Lilly ran a Super Bowl ad claiming the cost of developing a new drug has now risen to more than $1.3 billion. Read more at ] ]
Expert answered|nairos|Points 20|
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Asked 2/27/2013 7:43:43 AM
Updated 10/22/2021 8:47:30 PM
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Governments provide the legal and social framework, maintain competition, provide public goods and services, redistribute income, correct for externalities, and stabilize the economy.
Added 10/22/2021 8:47:30 PM
This answer has been flagged as incorrect.
Flagged by anthony23 [10/23/2021 6:08:17 AM]
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