Economists Often Describe Competition as a Market Structure

question 7

Essay

Economists often describe competition as a market structure. Why do they also think of competition as a process?

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Definitions:

Physician

A medical doctor who diagnoses and treats illnesses, manages medical conditions, and may prescribe treatment or medication.

Patient

An individual who is receiving medical care, treatment, or advice from healthcare professionals.

HIPAA Security Rule

Federal regulations outlining the measures that healthcare organizations must take to protect electronic health information from unauthorized access, use, or disclosure.