What Type of Policy Governs Decisions About Where to Build

question 1

Multiple Choice

What type of policy governs decisions about where to build hospitals, what programs to offer at specific hospitals, and how many physicians to put into place?  

• A)institutional policy  
• B)judicial policy  
• C)allocative policy  
• D)regulatory policy

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Definitions:

Herfindahl Index

A measure of the size of firms in relation to the industry and an indicator of the amount of competition among them.

Market Shares

The percentage of total sales or total demand in an industry attributed to a particular company over a specified period.

Buyer-Seller Relationships

The interactions and associations between individuals or businesses engaging in the exchange of goods and services.

Conglomerate Merger

A type of corporate action where firms in unrelated business activities or industries merge or acquire each other.