As a self-employed healthcare consultant, your company, Professional Dynamics, Inc., has been asked to discuss and analyze the concept ofproductionfor the board of directorsat a newly formed wellness center (allof the members were on the board at a local hospital).Describe in your answer what you will say to the board members to get them to appreciate how health as a goal will have a different production model.

1. Describe production function using healthcare as the model and health as the end state.
2. In what ways does the health market differ from a perfectly competitive market?
3. If the healthcare market is not perfectly competitive, why should policy makers pay attention to market forces?