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Market failure in health care markets Describe a real example of failure in a health care market that results from a failure of one of

Market failure in health care markets

Describe a real example of failure in a health care market that results from a failure of one of the following competitive market assumptions:

1)many buyers

2)many sellers

For your chosen example, from an economic perspective, explain the likely consequences of this failure (use a diagram if you can) for:

consumer efficiency?

producer efficiency?

market equilibrium?

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