2 EconomicsIn a single-payer system, which of the following istrue?Medical care is available promptly to allwho want it.Medical care tends to be rationed throughpricing.Physicians' wages are generally higher thanin a multipayer system.The single payer is able to act as amonopolist.The single payer is able to act as amonopsonist.

In the United States, single-payer systems have already been suggested as an alternative to health…

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In a single-payer system, which of the following is true?

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter27: Wages, Unions, And Labor

Section: Chapter Questions

Problem 9QP

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Question

Economics
In a single-payer system, which of the following is
true?
Medical care is available promptly to all
who want it.
Medical care tends to be rationed through
pricing.
Physicians' wages are generally higher than
in a multipayer system.
The single payer is able to act as a
monopolist.
The single payer is able to act as a
monopsonist.

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