Using course content you learned in Week 4 and Week 5, you will be researching the market structure of one of the healthcare industries listed in the assignment, discuss why you think the industry meets the characteristics of the market structure you identified and then report on how that structure impacts the demand and supply in that industry (e.g. the price and quantity of the good or service).
Part 3 of the assignment is important and requires your thoughts and discussion of how third-party payers (who sometimes control the reimbursement rates or price) may impact the industry you are researching. Part 4 is also important and pertains to this weeks discussion on government regulation. Please be sure to identify the economic rationale for government regulation (be it a specific market failure or other rationale) on the industry’s market structure you are discussing.
Pick one of the following healthcare industries listed below. Using what you have learned so far about market structure and the impact on supply and demand, write a 7 page report (double-spaced) addressing the following questions:
Choose one of the following industries to discuss the answers to the above questions:
Written critiria must:
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