As we make the transition from consumers to producers it is important to consider the intersection of supply and demand. This week's video lecture shows an interesting segment of the market that is outside the lines of both.
One of the questions to the video lecture asks you to find your favorite knock-off. If you have a particularly good one, list it in the comments to this post.
As mentioned in class, this week's video lecture is not actually a video. Instead, I would like you to listen to this podcast by Planet Money, "The Anti-Addiction Pill That's Big Business for Drug Dealers."
A couple of things to consider while listening and discuss in the comments section
-Does the law of diminishing marginal utility pertain to drugs like heroine?
-How about for the "miracle drug?"
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