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ECS3710 ASSIGNMENT 2 SEMESTER 2 2024 Watch video 2.2 in Lesson 2 and discuss the main issues about supplier-induced demand in South Africa. (10) Question 2: You are the manager of a private hospital that is part of an oligopoly in a local healthcare marR70,00
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ECS3710 ASSIGNMENT 2 SEMESTER 2 2024 Watch video 2.2 in Lesson 2 and discuss the main issues about supplier-induced demand in South Africa. (10) Question 2: You are the manager of a private hospital that is part of an oligopoly in a local healthcare mar
ECS3710 ASSIGNMENT 2 SEMESTER 2 2024
Watch video 2.2 in Lesson 2 and discuss the main issues about supplier-induced demand in South Africa. (10)
Question 2: You are the manager of a private hospital that is part of an oligopoly in a local healthcare market. Using the kinked demand curve, demo...
Question 1: Watch video 2.2 in Lesson 2 and discuss the main issues about supplier-induced
demand in South Africa. (10)................................................................................................. 6
Supplier-Induced Demand (SID) in South Africa ................................................................... 6
Main Issues Related to SID in South Africa ........................................................................... 6
Overtreatment and Overutilization of Services .................................................................. 6
Medical Aid Schemes and SID .......................................................................................... 8
Impact on Health Outcomes .............................................................................................. 8
Question 2: You are the manager of a private hospital that is part of an oligopoly in a local
healthcare market. Using the kinked demand curve, demonstrate how you might respond to a
competitor’s decision to lower prices. What strategies would you use to maintain your market
share? (10) ........................................................................................................................... 9
Using the Kinked Demand Curve in an Oligopolistic Healthcare Market ................................ 9
Collaborate with Insurers................................................................................................. 12
Question 3: Imagine yourself as a hospital administrator faced with choosing to outsource the
hospital's cleaning services to an external company or continue using in-house staff. Apply
transaction cost economics to help you decide. (20) ........................................................... 12
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