Market Power and Competition in Healthcare

Description

One of the key economic principles is competition or choice. For this short paper assignment, define the terms “market concentration” and “market power” and describe how they are measured. What tools are used ? How do these terms relate to the principle of competition? Next, apply the concepts of market power , market concentration and choice to the healthcare industry. How do you think the se economic principles impact healthcare decision making and planning ? Support your response with properly cited references from the assigned readings or other academic sources. Guidelines for Submission Your paper must be submitted as a two to three page Microsoft Word document with double spacing, 12 point Times New Roman font, one inch margins, and at least two sources cited in APA format. All papers are submitted through Turnitin to verify if paper is original or has been plagiarized.