25 Aug One of the major assumptions in an effi
One of the major assumptions in an efficient marketplace is that people have equal information concerning an item that they wish to purchase. We wish to know the quality of an item before buying it and certainly the price we will pay. Hidden factors such as annual license fees or hidden taxes not stated in the advertisement give one party an advantage over the other. For example, when you sign up for cable TV, the price quoted does not often include a near doubling of the final cost due to taxes and fees added after the sale. In healthcare, such items as quality of an implant and expected life are not something that the average patient is aware of, and he or she is then unaware that the price may differ on the basis of these factors. Stainless steel hip joints may be less expensive than titanium ones but may not last as long, for example. Information asymmetry is common in healthcare as you, as a patient, are perhaps dealing with someone with decades of training in a field you are not knowledgeable about. This may make the market assumption invalid.
Tasks:
One of the major assumptions in the free-market model is that consumers and providers have all the information that is needed to make decisions on purchases:
- Discuss areas of information that a prospective patient might need concerning a surgical procedure at a surgical center.
- Discuss whether that information is available.
- Discuss how that information might be made available.
. As in all assignments, cite your sources in your work and provide references for the citations in APA format.
Your initial posting should be addressed at 300–500 words
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.