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Re:FTC acts against private equity firm’s acquisition of vet... by shkkmo on Monday June 13, 2022 @02:47PM (#31729824)
Markets can work fine with inelastic demand if there is adequate information, freedom of choice and proper regulations.
Re:FTC acts against private equity firm’s acquisition of vet... by WaxProlix on Monday June 13, 2022 @03:07PM (#31730147)
More like, could than can as far as I can see. Markets kick ass under certain circumstances, but in some areas it's almost impossibly hard to achieve those circumstances.
Re:FTC acts against private equity firm’s acquisition of vet... by shkkmo on Monday June 13, 2022 @03:15PM (#31730278)
My point is that I don't think the inelasticity of demand is why the healthcare markets work so poorly.
Re:FTC acts against private equity firm’s acquisition of vet... by adgjlsfhk1 on Monday June 13, 2022 @04:08PM (#31731087)
the problem is that some markets inherently can't have adequate information because the customers by nature of being customers don't have time to shop around.
Re:FTC acts against private equity firm’s acquisition of vet... by ryan93 on Monday June 13, 2022 @07:38PM (#31733076)
Unfortunately government restricted the supply of doctors below population growth.