Demand in Healthcare

INTRODUCTION
In the traditional market model, there are major assumptions that impact the ability of the model to function efficiently. So far in the course, we have reviewed the first eight of these assumptions. It is important to relate them to the current provision of healthcare to determine the workability of the traditional market model.

TASKS:
List the first eight assumptions of the free market.
Discuss how each assumption is important.
Explain your conclusions for each of the assumptions relating to today’s provision of healthcare.

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