1-2 Short Paper: Market Power and Competition in Healthcare Instructions One of

1-2 Short Paper: Market Power and Competition in
Healthcare
Instructions
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 these concepts, like market power and choice, to the healthcare
industry. How do they impact healthcare decision-making and how has healthcare
legislation impacted the industry? 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.
Resources attached