Drawing on economic analysis from the module as well as at least one of the extracts below, write an essay of no more than 1200 words discussing this statement, The pandemic has shown that high profits for pharmaceutical companies are vital for innovation; these companies should therefore not be regulated by the competition authorities.

Competition and Markets Authority. (2020) .

Competition and Markets Authority. (2020) .

Neville, S. et al. (2020) , Financial Times, 14 December.

Desmyter, S. (2020) , Financial Times, 23 December.


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