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· Include the two questions that you selected to discuss at the top of your initial posting.
· What factors must exist for there to be an efficient market?
· What does it mean when there is market failure? Give an example of market failure in the healthcare market?
· What is the economic impact of government price controls? Provide an example of price controls in the healthcare area.
· What economic rationale supports the government provision of health insurance to the poor.
· What are the characteristics of a "public good"? Why is it difficult for a private company to provide a public good?
· Do you think licensing of physicians increases quality of health care?
· What is the impact of physician licensing on the quantity of physicians, does licensing increase or decrease the quantity?
· What market failure does the regulation of nursing home quality issues address?
APA Requirements -Include Scholarly Evidence: Include at least TWO APA formatted references with correlating in-text citations.
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