Price discriminate

  • What conditions must exist for a firm to be able to price discriminate? Provide an example. • How do economists use the Hirschman -Herfindahl Index? Provide an example. • Why are economic analyses of clinical and healthcare operations important? How can a...

Efficient market

  o What factors must exist for there to be an efficient market? o What does it mean when there is market failure? Give an example of market failure in the healthcare market? o What is the economic impact of government price controls? Provide an example of price...

Capitalism and free market

              If McDonald’s wants to introduce a new, healthy salad on its menu in Canada, how could the 6 external forces potentially influence McDonalds’ efforts? Do you agree with the position that the frequency of business...

Theories of market economics

    Compare and contrast the following theories of market economics: laissez-faire, Keynesian, and supply-side. Which of these theories, if any, best represents how our government fashions the U.S. budget? Be sure to describe how the budget is created and...

The law of diminishing marginal productivity.

      In your own words, explain the law of diminishing marginal productivity. Be sure to mention why the law tends to hold in the short run. Based on your readings this week, in your opinion which factors impact the supply curve for physicians the...