Tuesday, June 3, 2014
Healthcare in a perfectly competitive market
For your first assignment, think carefully about these assumptions
required for a perfectly competitive market. Does health care fit this
model? Are there some areas of health care that fit the model better
than others? Pick one area in health care that you think basically fits
the model assumptions necessary for a perfectly competitive market and
describe that area. Then pick an area in health care where the model
doesn't fit. Describe and contrast these two areas. Do you think that
the area that doesn't fit the competitive market can be modified in some
way so that it better fits the competitive market framework? Describe
how this could be done.
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