Competitive Market for Generic Prescription Drugs. The material in this video was adapted from "Principles of Economics" which is entrusted to the UNIVERSITY OF MINNESOTA LIBRARIES PUBLISHING EDITION, 2016. THIS EDITION ADAPTED FROM A WORK ORIGINALLY PRODUCED IN 2012 BY A PUBLISHER WHO HAS REQUESTED THAT IT NOT RECEIVE ATTRIBUTION.

Sources: Congressional Budget Office, “How Increased Competition from Generic Drugs Has Affected Prices and

Returns in the Pharmaceutical Industry,” July 1998. Available at www.cbo.gov; “Generic Pharmaceutical Industry

Anticipates Double-Digit Growth,” PR Newswire, March 17, 2004. Available at www.Prnewswire.com; 2008 Statistical Abstract of the United States, Table 130.