Why healthcare should be managed as a natural monopoly
In industries in which there is inelastic demand, in industries in which people have to buy a product or service regardless of prices charged, free competition does not work in the best interest of customers. Prices charged are not inexorably driven down by competition to an optimum level for all stakeholders, to the lowest prices that fairly compensate all factors of production in the industry, including a rational return for the owners of capital. Continue reading → Bev Conover Editor & Publisher Intrepid Report https://www.intrepidreport.com https://www.facebook.com/intrepidreport http://twitter.com/#!/Intrepid_Report [email protected]
Source: http://www.intrepidreport.com/archives/21752
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