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Could you Describe the assumptions of the monopoly model?
01-16-2013, 09:29 AM
Post: #2
 
It looks like discriminating monopoly
The first Assumption is the consumer did not know the market Ignorance of Market
Naturally In Medical and Health sevices the patient does not know the full knowledge of the market that is the fees charged by different Medical and Health services
2There is distance between the market that is the consumer did not know the diffent market conditions as there is a quite distance from them
Medical and Health sevices were given at different markets and some of them are at various places and hence the patiendt did not know about it.
Different prices are charged according to elasticity of the market
Medical sevices and health sevices charge heavily where there are no emergency services that is market is inelastic ehe thhey can charge more and in the places where the market is elatic that is where the awevices are plenty lesss chargs are made

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[] - vethuvettu - 01-16-2013 09:29 AM
[] - Sipra M - 01-16-2013, 09:36 AM

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