1) Chapter 16

"Perfectly competitive markets allocate products efficiently to the consumers most willing to pay for them. In other words, production and consumption are efficient. Products are produced as inexpensively as possible. No resources are wasted in making goods and providing services. Reorganization of production would increase costs."

In your opinion, what are two of the most competitive markets in the United States today, and why? Would you like to be a player in one of those markets? Why or why not?

2) Chapter 17

Provide an example of each; price regulation, entry regulation, competition regulation, public quality. Elaborate on your choices.

Economics for healthcare managers, 3rd edition, by Robert H. Lee