MMHA6135 week 4 discussion
This week, you have been
examining how a supply curve and a demand curve intersect to determine market
price equilibrium.
As you explore possibilities for adjusting market price, one key consideration
is the extent to which the market is characterized by competition or monopoly.
Although “it is much easier to understand the extremes of perfect
competition or pure monopoly than the in-between compromises which make up the
real world” (Appendix, p. 209), the health care market is rather complex
and consists of multiple submarkets with varying degrees of competition.
In addition, various aspects of the health care industry are important for the
determination of market price, as well as adjustments that can be made by
shifting the supply and/or demand curves. As you explored in previous weeks,
the availability of substitutes, flexibility of input choices for production,
production efficiency, and other factors can be quite significant in this
regard.
Having Trouble Meeting Your Deadline?
Get your assignment on MMHA6135 week 4 discussion completed on time. avoid delay and – ORDER NOW
To prepare for this Discussion:
·
Identify an example of a health care good or
service to explore for this Discussion. The following list of submarkets may
guide your consideration, but you may select an example from a different arena.
·
·
o Physician services
o
o Nursing services
o
o Medical technician services
o
o Physical facilities (e.g., hospitals, specialized, imaging,
long-term care)
o
o Medical technology
o
o Pharmaceuticals
·
Review the Learning Resources and do further
research as needed to assess the structure and other characteristics of the
market as it relates to your example. For instance:
·
·
o Review Table 8.1 on page 154 of theEssentials of Health Policy and Lawtext. How would you evaluate this
market in terms of competition and monopoly?
o
o To what extent do the providers of the good or service influence
consumers’ decisions?
o
o What substitutes are available, or what is the possibility of
developing substitutes?
o
o Do consumers have access to information about alternatives, and
are they able to make cost-effective choices about the good or service?
o
o
What can you learn about flexibility for
selecting which productive inputs to use? What other factors relate to
production costs?
·
With this information in mind, analyze how you
could shift the supply curve or the demand curve to affect the market price for
the particular good or service you have selected. Based on your research, which
factors could have the most significant influence on how the supply curve or
demand curve could be shifted?
·
·
Is it possible and/or advisable to generalize
about the health care marketplace as a whole based on this example? Why or why
not?
Postby Day 4a cohesive response that
addresses the following:
·
Describe an example of a particular health
care good or service at the beginning of your posting.
·
·
Analyze how you could shift the supply curve
or the demand curve to affect the market price for your selected example.
·
·
Evaluate the impact of two or three factors
that could influence the extent to which the supply curve or demand curve could
be shifted.
Reada selection
of your colleagues’postings.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Order Now and we will direct you to our Order Page at Litessays. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.