Details:
Respond to the following questions in 150-200 words (per question):
- Explain why economic profits are zero in the long run in a monopolistically competitive market.
- Explain the unique characteristics of the four primary market structures.
- What are the characteristics of a public good?
- Discuss the two ways that product differentiation affects the demand for a product.
- Describe at least five different forms of government intervention in the economy.
- Explain how these economic concepts currently influence the structure of the American health care system and the policy decision-making process around health care.
Prepare this assignment according to the guidelines found in the APA Style Guide. An abstract is required.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for