Demand, Cost and Price” Please respond to the following

“Demand, Cost and Price” Please respond to the following
“Demand, Cost and Price” Please respond to the following:

Referring to the same novel health care product or service you came up with last week (Discussion 2, Part 2), determine how you would assess demand for and the cost to
produce your product or deliver your service. Provide specific examples to support your response.
Referring to the same product or service, set a price for your product or service. Explain your rationale
AND

“Price Adaption” Please respond to the following:

Describe a situation that would require you to adapt the price of your product or service. Provide specific examples to support your response.
Discuss differences in pricing strategies for your product or service when considering government payers versus private payers. Explain your rationale.

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