As we define efficiency, given that many prescription drugs are patented and are monopolies for sellers, is the market for prescription drugs safe and does it promote efficient amounts of prescription drugs? Explain why or why not.

Watch the following video interview of Melody Peterson:

http://www.pbs.org/moyers/journal/05162008/watch2.html Then answer: As we define efficiency, given that many prescription drugs are patented and are monopolies for sellers, is the market for prescription drugs safe and does it promote efficient amounts of prescription drugs? Explain why or why not. How would you suggest changing the market for these prescription drugs?

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