Explain why the pharmaceutical industry is characterized


Problem

1. Explain why an industry experiencing constant returns to scale is "just the right size."

2. Explain why the pharmaceutical industry is characterized by large economies of scale.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Explain why the pharmaceutical industry is characterized
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