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Features of a perfectly competitive market structure

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Reference no: EM132170695

Firms in the healthcare industry do not seem to have features of a perfectly competitive market structure and, therefore, must not be classified as such. Those firms fall somewhere within the continuum from monopolistically competitive and oligopoly markets to monopoly markets (specifically regional monopolies).

Initial Post Instructions

For the initial post, decide if you agree or disagree with the introductory statement.

  • If you agree with this statement, provide at least two examples of firms in the healthcare industry (pharmaceutical companies, medical centers, insurance companies etc.) and identify the features the firms you selected have that make you believe that they should be classified in one or several of the following market structures: monopolistically competitive and oligopoly market structures; monopoly market structures.
  • If you disagree with the statement above, name at least two firms in the healthcare industry (pharmaceutical companies, medical centers, insurance companies etc.) and provide reasons why those firms you selected can be classified as perfectly competitive firms.

Note: the two examples must come from different industry groups - for example, both firms cannot be insurance companies.

Reference no: EM132170695

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