Market Structure and the Determination of Market Price
Identify an example of a health care good or service to explore for this Discussion. The following submarket may guide your consideration use (Pharmaceuticals industry diabetic medication) in discussion questions.
· Describe an example of a particular health care good or service at the beginning of your posting.
· To what extent do the providers of the good or service influence consumers' decisions?
· Analyze how you could shift the supply curve or the demand curve to affect the market price for your selected example.
· What substitutes are available, or what is the possibility of developing substitutes?
· Evaluate the impact of two or three factors that could influence the extent to which the supply curve or demand curve could be shifted (e.g., competition, monopoly, availability of substitutes, production inputs and costs).
· Please provide references to back up info. Only a page with references