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can you identify a healthcare firm with market power? What characteristics led you to choose the...

can you identify a healthcare firm with market power? What characteristics led you to choose the firm that you did?

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Answer #1

The University of Kansas Hospital (KU) has market power. I chose this organization because the products and services offered by not only local but other national healthcare organizations are imperfect substituted. Patients travel many miles, some across many states, to receive care from some of the top-rated specialists in the nation. KU has a reputation that is upheld by the employment of healthcare providers who remain knowledgeable and proficient in the latest treatment options, they maintain the latest advancements in technology and procedures, and they are willing to take risks to save lives when others either refuse or are unqualified.

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