MPH 657 mod 5 solutions

Phelps problem 7 pg 174 stock of physician changes

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: limit themselves to relatively small sizes? (Hint: what would happen to firm size if doctors went to patients’ homes rather than patients coming to doctors’ office) (Phelps, problem 6, pg. 174) Here you may want to consider patient characteristics. Patient travel costs/or ability to travel limits the sphere in which physician’s market can meaningfully operate. Economics of scale may also be pr...
View Full Document

This document was uploaded on 04/04/2014.

Ask a homework question - tutors are online