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A public interest group claims that pharmaceutical companies overstate the costs of developing drugs because they include the foregone earnings from the money invested in drug development. The story can be used to discuss the concepts of opportunity cost and normal profit.
- Subject:
- Economics
- History/Social Sciences
- Material Type:
- Activity/Lab
- Lecture
- Provider:
- Science Education Resource Center (SERC) at Carleton College
- Provider Set:
- Pedagogy in Action
- Author:
- Tod Porter
- Date Added:
- 05/29/2019