Purchase Solution

The monopoly model

Not what you're looking for?

Ask Custom Question

Use the monopoly model to explain how providers are able to charge different groups of patients different prices.

Purchase this Solution
Solution Summary

The monopoly model is carefully demonstrated. References are also integrated.

Solution Preview

I wish you well in your studies. Dr. Susan

The two major markets of healthcare in the United States are the competitive or free market or the government regulated. It seems simple and direct but it is very complex. By finding all the sources of how income is regulated you would think you had fallen into the real Monopoly game but much different because it affects people lives and pocketbooks. The government now regulates so much of how compensation is driven that anyone who sets up a fee for service clinic would not survive in this economy.
The payment system in multilayered and depends on many factors. In or out of the hospital can be an additional cost unless a person is a certain age or has additional ...

Purchase this Solution
Free BrainMass Quizzes
Tumor Markers

This quiz help you memorize common tumor markers used to detect and diagnose some types of cancer.

First Aid

Do you know how to provide first aid?

Celiac Disease

This quiz will provide a brief introduction to Celiac Disease. Questions will focus on definitions and symptoms.

Labor and Delivery

Do you know about the stages of delivery? Find out with this quiz!

CPR (Red Cross Standards)

Are you up to date on your CPR skills? Find out if you know what to do in an emergency with this quiz.

View More Free Quizzes
Related BrainMass Solutions

  • Two competitors in Game Theory Model

    Neither firm can choose which cell of the payoff matrix to obtain; the payoff for each firm depends upon the pricing strategies of both firms. It includes a 2 by 2 matrix of a game theory model.

  • Economics, Markets, Supply and Demand, Cartels

    -The Dominant Firm Model: In my opinion, the dominant firm model reminds me of a type of monopoly because every other firm within the same industry will set its price on a particular product based on whatever price the dominant firm sets.

  • Dealing with Competition Models

    Given we have a monopoly due to a patent, determine the profit maximizing output level, the monopoly price, and economic profits(High price/high output model). B.

  • Barriers of entry

    Using your results, explain why there is no meaningful "supply curve" for this firm's mask monopoly. -Commercial fishing is an industry that is often given as an example of quantity competition, as in the Cournot model. Can you think of others?

  • Market Structures

    In addition to the model used in the simulation, what other strategies might govern how one competitor reacts to another's price and output decisions?

  • kinked-demand model

    Reference for attachment: http://tutor2u.net/economics/content/topics/monopoly/kinked_demand.htm Diagram the kinked-demand model for an oligopoly firm in this case.

  • Nash Equilibrium

    General Equilibrium The Ricardian model is a general equilibrium model. This means that a complete circular flow of money in exchange for goods and services is described by the model.

  • What Four Market Models does Walmart Fall Under?

    Their primary model is a monopoly, but they could also be classified as an oligopoly.

  • How to Categorize Companies into Market Structures

    476981 Which of the four types of markets (perfect competition, monopoly, monopolistic competition, oligopoly) best characterizes the markets in which they compete?

View More Related Solutions