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Market Structure Role Advantages Disadvantages Example (with Details) The purpose of this assignment is to compare...

Market Structure

Role

Advantages

Disadvantages

Example (with Details)

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.

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Answer #1

The main market strectures are,perfectcompetition,monopolistic competetion,oligopoly,and monopoly.The physiscians exert a type of monopolistic type which can be described by Chamberlins model of monopolistic competition. helth insurers compete with one another,they cannot couterbalance the strong bargainin positions of the doctors.The increasing significance of the health care sector it is not surprising to find a large number of empirical studies analysing the determinants of market strecture.the market strectures are as a result of the different degrees of competition withinthe industry each strecture is differentiated by freedom of entry and exit,number of buyers and sellers,product differentiation.

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