1. In recent years as hospitals have increased their advertising budgets to draw consumers' attention to different service lines that they offer instead of the cost of the services, they have operated in what type of market condition? A. Pure monopoly B. Oligopoly C. Oligarchy D. Unrestricted competition
2. When an organization sets a selling price that represents the total cost plus some additional amount for profit, it is using the: A. marginal profit approach. B. cost-plus approach. C. break-even approach. D. markup pricing approach.
3. True or False? When all competitors agree to set the same price, this is stabilization pricing.
4. In which market condition is the focus of competition most away from price? A. Pure monopoly B. Oligopoly C. Monopolistic competition D. Unrestricted markets
5. True or False? A market-share pricing objective is often used when a firm needs to reach an economy-of-scale point.
6. True or False? When a health system implements a narrow network plan to insure consumers, the system is using a market-share pricing objective.