Which one among these may not be a reason that is often cited as why physician service may not be explained by standard economic analysis? A. Individuals have little knowledge about the medical care needed when faced with a health problem. B. Higher income people often pay higher fees in any geographic area. C. Many physicians generally compete for patients. D. Variability in physician's fees within the same small geographic areas.
Which one among these may not be a reason that is often cited as why physician service may not be explained by standard economic analysis? A. Individuals have little knowledge about the medical care needed when faced with a health problem. B. Higher income people often pay higher fees in any geographic area. C. Many physicians generally compete for patients. D. Variability in physician's fees within the same small geographic areas.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Which one among these may not be a reason that is often cited as why physician service may not be explained by standard economic analysis?
A. Individuals have little knowledge about the medical care needed when faced with a health problem.
B. Higher income people often pay higher fees in any geographic area.
C. Many physicians generally compete for patients.
D. Variability in physician's fees within the same small geographic areas.
A. Individuals have little knowledge about the medical care needed when faced with a health problem.
B. Higher income people often pay higher fees in any geographic area.
C. Many physicians generally compete for patients.
D. Variability in physician's fees within the same small geographic areas.
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