Assuming tenet is maximizing its profit what is the


According to the California Nurses Association, Tenet Healthcare hospitals mark up drugs substantially. At Tenet's Sierra Vista Regional Medical Center, drug prices are 1,840.80% of the hospital's costs (Chuck Squatriglia and Tyche Hendricks, "Tenet Hiked Drug Prices, Study Finds More Than Double U.S. Average," San Francisco Chronicle, November 24, 2002: A1, A10). Assuming Tenet is maximizing its profit, what is the elasticity of demand that Tenet believes it faces? What is its Lerner Index for drugs?

Request for Solution File

Ask an Expert for Answer!!
Econometrics: Assuming tenet is maximizing its profit what is the
Reference No:- TGS02145183

Expected delivery within 24 Hours