Understanding the Power Dynamics of Monopoly Pharma Franchise Companies In the world of healthcare, some medicine companies hold a lot of power due to their monopoly status. These companies have exclusive control over specific medications or medical technologies, giving them significant influence over the industry. It's important to understand how these power dynamics work to grasp the impact they have on healthcare systems, patients, and overall healthcare. This blog aims to explain the power dynamics of monopoly pharma franchise companies in simple terms, discussing where their power comes from, the consequences of their control, and the need for regulations to ensure fairness and balance in healthcare. 1. Sources of Power: Patents: Monopoly medicine companies often obtain patents, which give them exclusive rights to produce and sell their products for a certain period. This prevents others from entering the market with similar, cheaper alternatives and maintains their monopoly...