1. Describe and explain a monopolist’s output decision.
2. List and explain the characteristics of monopolistic competition.
3. Explain the break-even price and the shut-down rule.
4. List and explain the five features/characteristics of a perfectly competitive market.
5. Fill in the blanks: Each firm in an oligopoly has an incentive to _____ the other firms, so price fixing will be unsuccessful unless firms have some way of enforcing a _____ agreement.
6. Should basic indicators of health care be the only measure of a system’s success? What other indicators would you use?