For this assignment, prepare an economic analysis brief that describes the role and impact of market competition force on healthcare outcomes in the United States. Discuss and synthesize key elements from at least two recent scholarly articles that address one of the following points:

Determine the performance of the competitive market.

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Nelly StrackeLv2

21 Aug 2019

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Antitrust laws and managed care have had a significant influence on market competition in the healthcare industry, yet impediments to a more competitive healthcare market persist.

For this assignment, prepare an economic analysis brief that describes the role and impact of market competition force on healthcare outcomes in the United States. Discuss and synthesize key elements from at least two recent scholarly articles that address one of the following points:

Determine the performance of the competitive market.

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For this assignment, prepare an economic analysis brief that describes the role and impact of hospitals in the healthcare industry in the United States. Discuss and synthesize key elements that address one of the following points: Determine the performance of the hospital industry.

10) For the Monopolistic Competition Market Structure

a) List and explain the characteristics of monopolistic competition and compare them to the characteristics of pure competition and monopoly.

i) Please discuss monopolistic competition, list and explain the characteristics.

b) List and explain the characteristics of product differentiation. Provide 3 examples of companies actually using this technique and the impact of that differentiation had on the firmsâ performance.

i) Product differentiation is a key concept of microeconomics. Please list and explain the characteristics.

c) You are a business manager at a monopolistically competitive firm. One of your newly hired workers wants to know the conditions under which the monopolistically competitive firm in the short run will maximize economic profit or minimize economic loss. Please explain these two things to your new employee. Be thorough.

i) Please use the MR MC approach in your answer.