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Competitive marketplace are violated in medical markets

Assignment Help Business Economics
Reference no: EM133392558

Essay Questions:

1. I. What do you describe Economic Point of View?

II. What are the three basic questions that Economist should ask/study when determining how to best allocate the scarce resources?

III. Please use a health care example to explain

2. I. What are the different between Micro and Macro Economics?

II. Please use a table to discuss the differences in detail (including, scopes, contents, fields and topics of studies)

3. I. What assumptions of the perfectly competitive marketplace are violated in medical markets?

II. How does each affect equilibrium price and quantity?

4. We often think of a crisis in terms of an emergency, a situation of utmost urgency, maybe even life of death. In your view, do you consider that United States has a health care crisis? And why? Cite possible reasons/factors and explain these reasons/factors that you consider there is a / or no health care crisis in the U.S.?

Reference no: EM133392558

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