An example of an oligopoly in health care is: a. There are only 3 hospitals in...

An example of an oligopoly in health care is:

a. There are only 3 hospitals in a city for patient to go to.

b. There are only 3 insurance companies in a state for insurance coverage.

c. All urgent care centers in a city are owned by only two different companies.

d. All of the above

e. A & B only.

Expert Solution

"D"

Oligopoly is a market situation where there are few large suppliers catering to the whole market. Having just 3 insurance companies, 3 hospitals and two emergency care owners will qualify for that.

Rahul Sunny answered 2 years ago

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