Pharmaceutical company executive: The prevention of unfair advantages through unsafe products constitutes the primary goal behind government FDA safety regulations targeting pharmaceutical companies. Consumer protection and the maintenance of drug safety standards represent the core intentions of these regulatory measures, with public health outcomes being ultimately impacted as a result. Medical enterprises like pharmaceutical companies, however, center their operations around market competition, which itself functions as a fundamental mechanism for consumer protection. Profits from drug sales and market share expansion depend upon these companies’ ability to bring competitive products to consumers. Therefore, the pharmaceutical industry requires no additional FDA safety regulations for consumer protection to be adequately maintained amongst its enterprises.
The pharmaceutical company executive argues that FDA safety regulations are designed to prevent companies from gaining unfair advantages through unsafe products and to protect consumers. However, because pharmaceutical companies rely on market competition to drive product innovation and consumer choice, and since profit depends on competitive products, the executive concludes that no additional FDA safety regulations are necessary for the pharmaceutical industry.
The executive’s argument is most vulnerable to criticism on the grounds that it
A. fails to consider that an absence of additional regulations could lead to unsafe products entering the market
B. assumes that all pharmaceutical companies will always act in the best interest of consumers
C. overlooks the possibility that additional regulations could enhance product innovation
D. neglects the fact that competitive markets can sometimes fail to protect consumers adequately
E. takes for granted that FDA regulations have no impact on the cost of developing new drugs