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CIMA Exam CIMAPRA19-F03-1 Topic 3 Question 89 Discussion

Actual exam question for CIMA's CIMAPRA19-F03-1 exam
Question #: 89
Topic #: 3
[All CIMAPRA19-F03-1 Questions]

The Government of Eastland is concerned that competition within its private healthcare industry is being distorted by the dominant position of the market leader, Delta Care. The Government has instructed the industry regulator to investigate whether the industry is operating fairly in the interests of patients.

Which of the following factors might the industry regulator review as part of their investigation?

Select ALL that apply.

Show Suggested Answer Hide Answer
Suggested Answer: A, B, D

by Edmond at Jun 22, 2024, 03:56 PM

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Mitsue
5 months ago
I believe treatment efficacy rates are important too.
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Nell
5 months ago
I think all of these factors are relevant. You need to look at the whole picture to see if the market is truly fair for patients. Although, personally, I'd start with the profits - that's where the real juicy stuff is usually hiding.
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Ludivina
5 months ago
Haha, the government of Eastland is really on top of things, aren't they? I bet they're just as efficient as the healthcare industry they're investigating.
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Rosalind
5 months ago
I agree, prices and entry barriers should also be looked at.
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Jess
6 months ago
I think the regulator should review profits and market share.
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In
6 months ago
I'm not sure about D. Medical treatment efficacy doesn't really have anything to do with competition, does it? Seems like they're trying to throw in a red herring there.
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Ronny
4 months ago
I agree, D doesn't seem relevant to competition in the industry.
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Jarvis
5 months ago
E) Industry entry barriers
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Tresa
5 months ago
C) Prices across the industry
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Yuki
5 months ago
B) Each healthcare provider's market share
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Jesusa
5 months ago
A) Profits amongst healthcare providers
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Leatha
6 months ago
Definitely B, C, and E. You gotta look at market dominance, pricing, and barriers to entry to see if there's any anti-competitive shenanigans going on.
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Tayna
5 months ago
E) Industry entry barriers
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Tayna
5 months ago
C) Prices across the industry
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Tayna
5 months ago
B) Each healthcare provider's market share
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