Week 8 paper Market Model Patterns of Change
1. Describe the industry and explain the general pattern of change of the particular market model
Health insurance in theUnited Statesproviders represent competitive market because they are numerous, variety of choices, and no single entity has much power over prices. The health insurance can be considered as rapid growth industry. Recently, this industry is transforming in a rapid way and evolving into an oligopoly. Insurance markets in many states are eventually controlled and dominated by a few large firms.
There were more than five hundred health insurers involved mergers between 1998 and . . .
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