Sign In
Not register? Register Now!
Essay Available:
Pages:
2 pages/β‰ˆ550 words
Sources:
Check Instructions
Style:
APA
Subject:
Health, Medicine, Nursing
Type:
Coursework
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 11.66
Topic:

Different Healthcare Market Structures

Coursework Instructions:

The purpose of this assignment is to compare the different market structures within the realm of health care. Use the "Health Care Market Structures" template to identify the four basic market structures, describe their role within health economics, describe the advantages and disadvantages of each market structure, and provide a specific health-care-related example of each market structure.
Please use two or three peer-reviewed sources to assist you with this assignment.
While APA style is not required for the body of this assignment, solid academic writing is expected, and documentation of sources should be presented using APA formatting guidelines, which can be found in the APA Style Guide, located in the Student Success Center.
his assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

Coursework Sample Content Preview:
HCA-530
Healthcare Market Structures
Name:
Institutional Affiliation:
Course:
Instructor:
Date:
Healthcare Market Structure
Market Structure

Role

Advantages

Disadvantages

Example (with Details)

Perfect Competition

In this type of market structure, there are several small sellers and buyers, similar products, and everybody is a price-taker.
This market allows no individual seller or buyer to dictate the prices in the market.

Because some several sellers and buyers are too small to affect the price; hence everyone is a price-taker and not a price-setter.
Since products are homogenous, buyers cannot tell the difference between the products being sold.
Firms have no barriers of entry into and out of markets since there are no restrictions in terms of costs, licensing, or certificate of need.
New suppliers can get into the market, which, as a result, increases competition.
Consumers have full access to information on prices as well as technology.
Producers produce at low costs.
Efficiency, since hospitals compete and increase their production hence prices, are lowered.

New suppliers and producers could be made to leave the market if at all, they are found inadequate.
Failure to meet the required conditions would lead to market inefficiency.
Barriers of entry into and out of the market decrease competition leading to high costs of production and the existence of inefficient producers.
Price discrimination since consumers pays differently for the same healthcare either because of their income or power to bargain.
Service providers that cannot cut the cost of production experience huge losses.
Several market failures.

A physician’s services are not the same as those of others.

Monopolistic Competition
(Here, there are several buyers and sellers and a variety of products: the products are not identical.)

Competitors are able to invest and increase the fixed costs that would allow them to cater to excessive investment (Lábaj et al., 2018).
The monopolistic competition allows for massive overcapacity and increased prices.

This type of market stru...
Updated on
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:
Order

πŸ‘€ Other Visitors are Viewing These APA Coursework Samples:

HIRE A WRITER FROM $11.95 / PAGE
ORDER WITH 15% DISCOUNT!
Order Now