Explanations
Explaining High Drug Prices in the USA
Geoff Riley
4th February 2017
This short video from Bloomberg is ideal when teaching the economics of oligopoly, pricing power, the relative bargaining strength of drug sellers and buyers and the extent to which regulation is needed to avoid instances of price gouging in the pharmaceutical industry.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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