Explain why it is often claimed that hospitals compete for doctors rather than patients
A) Distinguish between the concentration ratio and the herfindahi-hirschman index (HHI). What are the limitations of these measures within the context of the pharmaceutical industry? b) If the interest group theory applies to hospitals, why doesn’t it also apply to nursing homes? Would a doctor-owned, for-profithospital be as attractive to physicians as a nonprofit hospital? […]