What type of market system does the home health care industry falls under (oliglopoly, monopoly, monopolistic...
What type of market system does the home health care industry falls under (oliglopoly, monopoly, monopolistic competition, or pure competition)? Why?
Homework Answers
Home health care refers to the health care services provided by licensed healthcare professionals at home on demand. The home healthcare industry falls under monopolistic competition. In monopolistic competition, there are a large number of buyers and sellers and each seller sells differentiated products. In the home healthcare industry, there is a large number of buyers of services and a large number of healthcare service providers. In addition, the healthcare professionals provide differentiated services because of the difference in their approach towards treatment, difference treatment method, the difference in training, etc. Therefore, the home healthcare industry falls under monopolistic competition.
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What type of market system does the home health care industry
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must follow apa guidelines
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must follow apa guidelines
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Structures How does monopolistic competition differ from pure competition in its basic characteristics, from pure monopoly. Explain fully what product differentiation mav involve. Explain how the entry of firms into its industry affects the demand curve facing a monopolistic competitor and how that, in turn, affects its economic profit. Be sure to cite your source(s) For detailed grading criteria, refer to the Discussion Rubric.
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