Problem
In economics, it is generally agreed that monopolies are bad. However, the book argues that the healthcare system could be improved by purchasers of care having their own monopoly power-called a monopsony when in the hands of the buyer. What are the advantages and disadvantages of such monopsony power in healthcare?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.