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A 46-year-old man is admitted to the hospital with constant mid-epigastric pain for the past 5 days. He has a history of intravenous drug use, alcohol use disorder, and chronic pancreatitis and continues to drink heavily. He has had 3 recent admissions for pancreatitis in the past 4 months and is well known to the hospital staff. After several days, the patient's condition stabilizes and plans are made to discharge him and refer him back to his primary care physician for a posthospitalization visit within a few days of the hospitalization. When contacted, the primary care physician says, "I do not want to continue to be involved in this patient's care. He does not take his medications consistently and exhibits drug-seek behaviors, and he was verbally abusive to my office staff at his last appointment when he did not receive a prescription for opioid pain medications." Which of the following is the most appropriate step at this time?
Market Power
Market power refers to the ability of a firm or group of firms to raise and maintain prices above the level that would prevail under competition, often leading to decreased market efficiency.
Herfindahl Index
A measure of market concentration, calculated as the sum of the squares of the market shares of all firms in the industry.
Market Shares
The portion of a market's total sales that is controlled or held by a particular company or product.
Social Regulation
Rules imposed by government to correct market failures and achieve social goals, which include protecting consumers, workers, and the environment.
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