Discussion Post: Health Care Costs and Product Differentiation
Answer the following questions regarding Health Care Costs and Product Differentiation
a) Using supply and demand analysis, explain some of the factors that may have led to rising healthcare costs in the United States from 1960 to the present day. In your opinion, which factor has had the greatest impact?
b) Discuss the two ways that product differentiation affects the demand for the product. Give an original example of product differentiation.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.