Investing in Health

Uncertainties has created a health industry where

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Unformatted text preview: industry and not health Nature of demand = not steady like food/clothing (extreme in tiems of illness) Behavior of physicians much different than behavior of typical businessman Product/supply uncertainty (recovery from disease is uncertain, supply is limited) Can have extensive price discrimination by income (very poor people may pay nothing) Inequity of information between patient and doctor means the patient must delega...
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This document was uploaded on 04/01/2014.

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