4. Suppose you are an economic analyst working for a pharmaceutical company that has held a patent on an important diabetes medication. After the patent expires, other firms can legally sell the same medication as a generic drug product. 

Explain to the board of directors of the company the ramifications of the events for the company's product and the dollar value of its company's sales. 

Answer rating: 100% (QA)

As an economic analyst for the pharmaceutical company its important to explain the ramifications of the patent expiration on the companys diabetes med... View the full answer