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Could you Describe the assumptions of the monopoly model?
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01-16-2013, 09:29 AM
Post: #2
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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 Ads |
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Messages In This Thread |
Could you Describe the assumptions of the monopoly model? - Austin Powers - 01-16-2013, 09:27 AM
[] - vethuvettu - 01-16-2013 09:29 AM
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