Patents give you monopoly pricing power and patented drugs have huge gross profit margins. Given that, while part of the price increase will be passed on to consumers sellers will also cut prices.
To put it simply if they could charge higher prices without losing volume they already would because no one else can produce that drug so there is no competition to keep prices down.
Which is why they are already charge the price that maximises their profits. If they charged more the increased profit per unit would be more than offset by lower sales.
A good diagram of supply and demand with monopoly pricing power us the easiest way to explain this. I cannot find a good one online that shows the effect of tariffs though. In essence its worth losing some profit per unit to avoid losing too many sales.
Too late. The NHS is already heavily reliant on AWS. Not the only ones either.
As things are Europe (except Russia and a few others) is utterly reliant on Americas. Read up on how difficult things became for the ICJ judge the US sanctioned. If the US ever blocked almost any European countries access to online services they economy would collapse.
Modern England, but not London. Revived from hibernation like sleep. The book is That Hideous Strength. The last book in a trilogy and unfortunately the best IMO - and it feels very relevant and farsighted to me now.
No, but I believe that science and quantifying the specific danger leads to better policies than going on vibes. For instance, laws to require safe storage are based on data quantifying reductions in harm to children [1]
Data beats vibes, even when vibes are qualitatively correct. I’m surprised this is surprising.
Maybe not that early, but writing did eventually undermine the ability to memorise things. It used to be common for people to memorise long works - it is one reason why epic poetry was popular and designed to be memorable. Memorising even a few hundred lines is unusual now.
> Memorising even a few hundred lines is unusual now.
Memorizing a few hundred lines of epic poetry probably is indeed unusual. But I bet most people have more than a few hundred lines of poetry in the form of song lyrics memorized (along with the tune of the song).
To put it simply if they could charge higher prices without losing volume they already would because no one else can produce that drug so there is no competition to keep prices down.
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