In oligopolistic market conditions, price increases tend to be greater for not-for-profit hospitals than for for-profit hospitals.

Name: In oligopolistic market conditions, price increases tend to be greater for not-for-profit hospitals than for for-profit hospitals.
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Question

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In oligopolistic markets, for-profit hospitals are more likely to increase prices to maximize profits, while not-for-profit hospitals may prioritize community service over profit maximization, leading to smaller price increases.

In Oligopolistic Market Conditions, Price Increases Tend to Be Greater