Discuss and provide healthcare examples of the following types of market failures:
a. External benefits b. External costs c. Public goods
The supply of an antibiotic is Q= 30 X P – 200. The demand for it is Q = 8,800 – 20 X P. What is the market equilibrium price and quantity?
Discuss what is meant by this statement: “Mergers increase market power by changing market structure”. What is an example of this?