Supply (Dentists)
n The sellers in this market are dentists.
dentists want to maximize their profits.
n What are profits and how can they be
maximized?
Dentists earn money (revenue) by selling their
services e.g. by placing crowns, etc.
Out of this revenue they need to pay for the
factors they use to produce the treatment (costs)
» e.g. pay their receptionist, pay the rent or pay for a
new x-ray processor. Profit is the excess of revenue
over costs.