7. Suppose that the annual number of admissions can be used as a measure of output for a group of hospitals operating in the same RGM (Long Island, NY). Categorize the type of market based on the degree of structural competition as measured by the four-firm concentration ration and the HHI. Number of Admissions (in Hospital thousands) North Shore University Hospital (NSUH) in 4,000 Manhasset NYU Winthrop Hospital in Mineola 3,000 Good Samaritan Hospital Medical Center in West Islip 1,500 Stony Brook University Hospital 2,000 St. Francis Hospital in Roslyn 750
7. Suppose that the annual number of admissions can be used as a measure of output for a group of hospitals operating in the same RGM (Long Island, NY). Categorize the type of market based on the degree of structural competition as measured by the four-firm concentration ration and the HHI. Number of Admissions (in Hospital thousands) North Shore University Hospital (NSUH) in 4,000 Manhasset NYU Winthrop Hospital in Mineola 3,000 Good Samaritan Hospital Medical Center in West Islip 1,500 Stony Brook University Hospital 2,000 St. Francis Hospital in Roslyn 750
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter9: Monopoly
Section: Chapter Questions
Problem 26CTQ: Why are generic pharmaceuticals significantly cheaper than name brand ones?
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![7. Suppose that the annual number of admissions can be used as a measure of output for a group of hospitals
operating in the same RGM (Long Island, NY). Categorize the type of market based on the degree of structural
competition as measured by the four-firm concentration ration and the HHI.
Number of Admissions (in
Hospital
thousands)
North Shore University Hospital (NSUH) in
4,000
Manhasset
NYU Winthrop Hospital in Mineola
3,000
Good Samaritan Hospital Medical Center in
West Islip
1,500
Stony Brook University Hospital
2,000
St. Francis Hospital in Roslyn
750](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb3d8bff9-7d45-4aad-9e5c-db6c1cc6cf01%2F572bb06c-6b61-4240-8c11-9f193a43ca2c%2Fhs6ua2_processed.jpeg&w=3840&q=75)
Transcribed Image Text:7. Suppose that the annual number of admissions can be used as a measure of output for a group of hospitals
operating in the same RGM (Long Island, NY). Categorize the type of market based on the degree of structural
competition as measured by the four-firm concentration ration and the HHI.
Number of Admissions (in
Hospital
thousands)
North Shore University Hospital (NSUH) in
4,000
Manhasset
NYU Winthrop Hospital in Mineola
3,000
Good Samaritan Hospital Medical Center in
West Islip
1,500
Stony Brook University Hospital
2,000
St. Francis Hospital in Roslyn
750
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