QuestionJuly 15, 2025

Once the patent expired on the inhaler, what do you think happened to the price of the medication? Edit View Insert Format Tools Table

Once the patent expired on the inhaler, what do you think happened to the price of the medication? Edit View Insert Format Tools Table
Once the patent expired on the inhaler, what do you think happened to the price of the
medication?
Edit View Insert Format Tools Table

Solution
4.6(223 votes)

Answer

The price of the medication likely decreased. Explanation 1. Understand Patent Expiration Impact When a patent expires, generic manufacturers can produce the medication, increasing competition. 2. Analyze Price Effect Increased competition typically leads to lower prices due to market forces.

Explanation

1. Understand Patent Expiration Impact<br /> When a patent expires, generic manufacturers can produce the medication, increasing competition.<br />2. Analyze Price Effect<br /> Increased competition typically leads to lower prices due to market forces.
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