Distinguish between the concentration ratio and the herfindahi-hirschman index (HHI)

Distinguish between the concentration ratio and the herfindahi-hirschman index (HHI)

 

Paper , Order, or Assignment Requirements A) Distinguish between the concentration ratio and the herfindahi-hirschman index (HHI). What are the limitations of these measures within the context of the pharmaceutical industry? b) If the interest group theory applies to hospitals, why doesn’t it also apply to nursing homes? Would a doctor-owned, for-profithospital be as attractive to physicians as a nonprofit hospital? c) Can we say which are the most efficient hospitals nonprofits or for-profits? Which are the most efficient nursing homes? What qualifications apply to our present knowledge in each case? What is your view? d) Explain why it is often claimed that hospitals compete for doctors rather than patients. What are some of the implications of this phenomenon, assuming that it is true? e) Even nonprofit hospitals must earn…