A British pharmaceutical company spent several years and considerable funds on the development of a treatment for

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A British pharmaceutical company spent several years and considerable funds on the development of a treatment for HIV patients. Now, with the protection afforded by patent rights, the company has the potential to reap enormous gains. The government, in response, has threatened to tax away any economic rents the company may earn. Is this an advisable policy? Why or why not?
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Economics Today

ISBN: 978-0132554619

16th edition

Authors: Roger LeRoy Miller

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