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One of the key economic principles is
competition or choice. For this short paper assignment, define the
terms “market concentration” and “market power” and describe how
they are measured. What tools are used? How do these terms relate
to the principle of competition?
Next, apply these concepts, like market power and choice, to the healthcare industry. How do they impact healthcare decision-making and how has healthcare legislation impacted the industry? Support your response with properly cited references from the assigned readings or other academic sources.
Rubric for this assignment is attached.
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