What are barriers to entry? Describe three potential barriers in the pharmaceutical industry. What.. 1 answer below »

What are barriers to entry? Describe three potential barriers in the pharmaceutical industry. What are some consequences of these barriers? 6. In 2004, Congressman Dennis Kucinich proposed the Free Market Drug Act. This legislation would have removed patent protection on drugs developed with public funds and given control over pharmaceutical R&D to the National Institutes of Health (NIH). Evaluate this type of proposal in terms of the effects on price, competition, and level of innovation.

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