Thursday, April 18, 2013

Abstract Paragraph

In neglecting tropical diseases and in setting drug prices high, the pharmaceutical companies are responding to the system they are in: they are reacting to the incentives of the marketplaces (pg 29).  The manufacturers will designate a specific price for each item (msrp) and the proshop seemed to follow this price (by comparing the prices in the store to other golf shops).  A competitive market means that alternatives exist (pg 6).  Some of the brands for sale included Puma, Adidas, Titleist, Travis Mathew, Ping and Nike.  Manufacturers have the power to set prices and provide goods based on demand, but competition by many companies lead to alternative options and lowered prices. 


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