1. Select two of the three market types below (a, b, and c). Provide a healthcare good or service that offers a good example of
1. Select two of the three market types below (a, b, and c). Provide a healthcare good or service that offers a good example of the market type and describe the aligning features. Each answer should require 2-4 sentences. For example, a competitive market: The market for generic prescription drugs is highly competitive. Sellers do not face patent restrictions and are able to enter the market without high barriers to entry. Prescribers, acting on consumers' behalf, and well-informed about the product. Finally, the effects and quality of the products are highly standardized. a. Monopolistically competitive b. Monopoly c. Monopsony
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