Healthcare belongs in the tertiary sector. Healthcare generates both private benefits and external benefits. In 2019, five mergers took place between large US healthcare firms. Alongside their operations in the US, US healthcare firms also operate in several host countries, including Singapore.
(a)[2]
Define tertiary sector using an example other than healthcare.
(b)[4]
Explain the distinction between a private benefit and an external benefit of healthcare.
(c)[6]
Analyse why a government might stop a horizontal merger.
(d)[8]
Discuss whether or not a foreign multinational company (MNC) will continue producing in a host country for many years.
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “The sector concerned with providing services.” …