A study analyzed the costs to a pharmaceutical firm of developing a prescription drug and receiving government

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A study analyzed the costs to a pharmaceutical firm of developing a prescription drug and receiving government approval. An article in the Wall Street Journal noted that included in the firm's costs was "the return that could be gained if the money [used to develop the drug] were invested elsewhere." Briefly explain whether you agree that this return should be included in the firm's costs.
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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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