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Patents provide protection for new products in the marketplace. Patent protection allows pharmaceutical companies to sell...

Patents provide protection for new products in the marketplace. Patent protection allows pharmaceutical companies to sell drugs for a number of years without direct competition. This can result in extremely high prices for important possibly (life-saving)drugs.
Should this protection be reduced or eliminated in order to lower cost of healthcare? What would be the result? Please explain your position in detail. please anyone who tried to answer these questions pay very close attention to the numbered questions. I know and understand why there is a patent protection and how ot works. Thanks
Math   Statistics-And-Probability   
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