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Chapter 1

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What is the most important difference between a corporation and all other organization​ forms?
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Without patent​ protection, drug manufacturers would be less willing to spend as much on​ R&D to develop new drugs and drug innovation would be curtailed.

Without patent​ protection, the developer of the drug would be forced to lower prices to compete with generic manufacturers.

It is in our interest as a society that new and improved drugs be​ developed, despite the fact that the development and testing process can be a very expensive and lengthy process.