Explain difference between a price setter and a price taker


Problem

a. Using a healthcare provider (e.g., a hospital) to illustrate your answer, explain the difference between a price setter and a price taker.

b. Can most providers be classified strictly as either a price setter or a price taker?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Explain difference between a price setter and a price taker
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