Why may perfect competition be irrelevant when studying real-world health care markets? Cite some examples.

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Rahul Sunny answered 2 years ago

compare the market environment of monopolistic competition with that of perfect competition quoting real world business...

compare the market environment of monopolistic competition with that of perfect competition quoting real world business examples.

The two markets such as perfect completion and the monopolistic competition are having some similarities and...

The two markets such as perfect completion and the monopolistic competition are having some similarities and some differences. Analyze these characters. ( support with example and diagram)

Which is more common in the modern economic world and why: perfect competition of monopolistic competition?...

Which is more common in the modern economic world and why: perfect competition of monopolistic competition? Do students benefit from a perfectly competitive markets?

Give examples of your own for perfect competition and monopoly. Explain why they fit into the definitions of perfect competition and monopoly.

What is sunk cost and what are some real world examples of sunk cost and why...

What is sunk cost and what are some real world examples of sunk cost and why is it important to understand sunk cost?

Discuss a real-world example of a firm that you think operates close to perfect competition. What...

Discuss a real-world example of a firm that you think operates close to perfect competition. What is the firm and what product does it produce? Who are the main competitors? Can you think of a way this firm or industry benefits you as a consumer? Now discuss a real-world natural monopoly that you deal with. Is this natural monopoly efficient, or does it cause losses to society? In your opinion, should this natural monopoly be allowed to exist?

Describe perfect competition as it relates to health care economics. What are the key characteristics? Does...

Describe perfect competition as it relates to health care economics. What are the key characteristics? Does perfect competition provide an advantage or disadvantage to the consumer? To the health care provider/organization? Provide an example of perfect competition within health care.

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Why may perfect competition be irrelevant when studying real-world health care markets? Cite some examples.

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