New drug price order may bring in monopoly - The New Indian Express - 2 views
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Keisuke Ozeki on 31 May 13Positive Externality, Merit Good
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As per the new price control order, the ceiling price of an essential drug will be the simple average of all brands with a market share of at least one per cent.
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But, large companies will get a monopoly in pricing as they can manipulate price structure together.
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The experts in the industry point out that the small players in the field will eventually be wiped out when the new price control regime will come into effect.