Question: Economics Please answer the specific question asked and do not post a stock answer. I have asked this question twice and gotten respones that are

Economics

Please answer the specific question asked and do not post a stock answer. I have asked this question twice and gotten respones that are only indirectly responsive to the question, and largely unhelpful!

Taken from Santerre and Neune: Health Economics Theories, Insights and Industry Studies (1996) Draw a perfectly competitve market model for nursing home services.

"Discuss the effect of an all-payer price ceiling on allocative efficiency, transfer of surplus between producer and consumer and the quality of nursing home care. Also, examine the effect of an all-payer price ceiling on a profit-maximizing, monopolistic nursing home and a situation where nursing home decision makers maximize the utility derived from the quantity and quality of nursing home services.

How might the results change in all three cases if the price ceiling pertained only to some and not all buyers? Explain. "

**The book tends to refer to the non profit model of health care as a model based on "maximizing utility derived from quantity and quality"

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