Market Structure and the Determination of Market Price
Identify an example of a health care good or...

Question

Market Structure and the Determination of Market Price
Identify an example of a health care good or service to explore for this Discussion. The following submarket may guide your consideration use (Pharmaceuticals industry diabetic medication) in discussion questions.
·Describe an example of a particular health care good or service at the beginning of your posting.

·To what extent do the providers of the good or service influence consumers’ decisions?
·Analyze how you could shift the supply curve or the demand curve to affect the market price for your selected example.

·What substitutes are available, or what is the possibility of developing substitutes?

·Evaluate the impact of two or three factors that could influence the extent to which the supply curve or demand curve could be shifted (e.g., competition, monopoly, availability of substitutes, production inputs and costs).

·Please provide references to back up info. Only a page with references

David · Accepted Answer

Identify an example of a health care good or service to explore for this Discussion. The following submarket may guide your consideration use ( Pharmaceuticals industry diabetic medication ) in discussion questions. ·
 Describe an example of a particular health care good or service at the beginning of your posting
 Consider LIPITPOR- a drug that fights cholesterol. IT was released in 1998; in  2006 it peaked sales of $12.9 billion, which accounted for 27% of the Pfizer. Despite a merger with Wyeth the drug contributed $10.8 billion worth of sales ·
 To what extent do the providers of the good or service influence consumers’ decisions? · Analyze how you could shift the supply curve or the demand curve to affect the market price for your selected example. ·
The company influences consumers’ choice by promoting its drug through doctors.

Market Structure and the Determination of Market Price Identify an example of a health care good or service to explore for this Discussion. The following submarket may guide your consideration use...

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