But patients who rely on a drug called Daraprim dont have the option of

But patients who rely on a drug called daraprim dont

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business to Dunkin' Donuts or swear off caffeine altogether. But patients who rely on a drug called Daraprim don't have the option of discontinuing their meds or switching to another brand. And last month, the price of Daraprim jumped from $13.50 a pill to $750. That's an increase of more than 5,000 percent. There's nothing new-and-improved about Daraprim, which has been on the market for 62 years. What's changed is the company that owns the marketing rights to the drug. Daraprim is the standard treatment for toxoplasmosis, a potentially life-threatening parasitic infection. The drug's patent expired long ago, but there's no generic version in the U.S. because the market isn't big enough to support a competitor. Only about 2,000 U.S. patients were treated with Daraprim last year. When Turing Pharmaceuticals bought the rights to Daraprim in August, it essentially had its hands on a monopoly. So it jacked up the price as high as it dared” Source: - turing-shkreli-edit-0928-jm-20150925-story.html Using data from Table 3 for Turing – a monopolist, answer the following questions: a. Complete Table 2 b. At what point will Turing will be at the most efficient point of production? Is it producing at this level? Why or why not?
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  • Fall '17
  • SyedH.Jafri

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