kman Posted November 30, 2008 Report Share Posted November 30, 2008 Hey everyone. Firstly, I want to mention how delighted I was to come across a site such as this one. I have a question regarding my Economics IA. Can the generic drug market be considered an oligopoly? Please reply guys, and I look forward to sharing our IB problems with each other. Reply Link to post Share on other sites More sharing options...
KewlKidV Posted November 30, 2008 Report Share Posted November 30, 2008 Hey kman! I don't really know the answer to your question but thought it was such a coincidence that you came across this site while looking for help for your Econ IA, because I needed help for it too and started posting today. I hope someone can help you with that question. Reply Link to post Share on other sites More sharing options...
deissi Posted December 7, 2008 Report Share Posted December 7, 2008 kman: that's a question you can answer in your IA. There is no right answer to this. Globally, I'd say it's an oligopoly, but for example in a smaller country it might be closer to monopolistic competition, as local players can compete with global firms because of reduced transportation costs etc. It's a risky business tho, you really should [u]know[/u] what its market structure is, not guess. Reply Link to post Share on other sites More sharing options...
rahul_oms Posted December 9, 2008 Report Share Posted December 9, 2008 trust me man and take the example of Europe especially Greece and research on the Drug/Pharmaceutical market. I can assure you that it is an oligopoly. One interesting fact i remember reading somewhere is that all the Drug companies invite the administrators/owners and top officials of hospitals to go on "Marketing Tours" with them where they take them to 7star resorts and Caribbean Islands to get them to make endorse their drugs and sell only those in their hospitals. It's a huge problem so i suggest u look into it! Good luck man Reply Link to post Share on other sites More sharing options...
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