Please answer the following questions regarding Health Care Costs and Product Differentiation
- Using supply and demand analysis, explain some of the factors that may have led to rising healthcare costs in the United States from 1960 to the present day. In your opinion, which factor has had the greatest impact?
- Discuss the two ways that product differentiation affects the demand for the product. Give an original example of product differentiation.
No special formatting needed – very informal forum post. 250-300 words, please. Thank you!