The FDA is considering the adoption of a higher standard of success in clinical trials for any pharmaceutical that the agency will permit to be sold in the United States. Explain how a cost–benefit...

The FDA is considering the adoption of a higher standard of success in clinical trials for any pharmaceutical that the agency will permit to be sold in the United States. Explain how a cost–benefit calculation would be carried out. Suppose the benefits of the regulation were 1,000 lives saved per year. Would you support adoption of the regulation? Explain.