What market structure best describes the environment within which an healthcare organization(hospital) operates? What challenges and...
What market structure best describes the environment within which an healthcare organization(hospital) operates? What challenges and opportunities would arise from higher and lower degrees of government intervention?
Homework Answers
Oligopoly best describes the environment within a healthcare organization, because the number of hospitals are not very large to fall into the category of perfect competition but also larger to fall into the category of monopoly.
If government intervention increases then it would become difficult for hospitals to form unethical associations like cartel and consumers will be able to get quality healthcare services at reasonable price, without being exploited.
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What market structure best describes the environment
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