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Which of the following is not appropriate for evaluating whether a market is competitive? Group of answer choices Consumer choices: Does the market respond to
Which of the following is not appropriate for evaluating whether a market is competitive? Group of answer choices Consumer choices: Does the market respond to what consumers are willing to pay? If consumers demand more of some services, will the market provide more of those services and respond to varied consumer demands? Supplier incentives: Do the suppliers of the goods and services have an incentive to produce those services (for a given level of quality) at the lowest cost? Information: Do consumers have sufficient information to choose the quantity and type of services based on price, quality, and other characteristics of the service being supplied? Redistribution: Do those who cannot afford to pay for their medical services receive medically necessary services
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