If a health care organization has some market power in the health care market, the use...

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If a health care organization has some market power in the health care market, the use...

If a health care organization has some market power in the health care market, the use of a competitive model to explain the health care organization’s behavior is an appropriate model.

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True

False

business economics

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Answer 1

Answer #1

The above statement ia false. The competitive model failed to explain the market power as firm can not change the price in competitive model they are price taker. Hence it is false

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Answer 2

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