product supplied by a hospital, Business Management

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product supplied by a hospital

Product supplied by a hospital organization

Explain what is the service or product supplied by a hospital organization and If there are more than one, pick one. What is the market structure for the market in which this firm supplies this product? Why? What does economic theory tell you about the short-run and long-run economic profits for a firm operating in this market structure? Who observes this for the hospital? Why or why not?

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