Problem
According to The Wall Street Journal, the wholesale price of the generic drug fluoxetine (the generic for Prozac) is $3.60 per 100.
a. Given that the cost of dispensing them is about $5 to $10 per prescription, how much would you expect the drug to sell for?
b. In 2008 a prescription for 100 tablets of fluoxetine was selling for $54 at DrugStore.com. It sold for similar prices at other pharmacies. What would you conclude about the market structure, given that information?
c. At pharmnet.com one could buy 100 fluoxetine tablets for $26. If this is true, what can we say about drug market imperfections?
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.