Healthcare is part of the tertiary sector. Healthcare generates both private and external benefits. In 2019, there were five mergers involving large US healthcare firms. Alongside their operations in the US, US healthcare firms also work in a number of host countries, including Singapore.
(a)[2]
Define tertiary sector and include an example that is not healthcare.
(b)[4]
Explain the difference between a private benefit and an external benefit in healthcare.
(c)[6]
Analyse why a government may prevent a horizontal merger.
(d)[8]
Discuss whether a foreign multinational company (MNC) will keep producing in a host country for many years or not.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Service provision” …