Monday
August 31, 2015

Homework Help: Economics/social studies

Posted by Camilla on Tuesday, March 17, 2009 at 6:35pm.

This isn't an example of an invisible hand is it?

A single drug company obtains a patent on a lifesaving drug. The company can charge whatever it chooses for the drug and will not lose customers. Is the invisible hand at work in this scenario?

I say no because the customers what a better value of the drug than charging too much for the drug.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Members