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December 17, 2022

The Pareto efficiency is a simple idea, but it is difficult to achieve. Why is this? Provide an example from outside your textbook.

DQ1 The Pareto efficiency is a simple idea, but it is difficult to achieve. Why is this? Provide an example from outside your textbook.

DQ2 Describe perfect competition as it relates to health care economics. What are the key characteristics? Does perfect competition provide an advantage or disadvantage to the consumer? To the health care provider/organization? Provide an example of perfect competition within health care.

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