MICROECONOMICS
MICROECONOMICS
11th Edition
ISBN: 9781266686764
Author: Colander
Publisher: MCG
Question
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Chapter 5, Problem 17QE

(a)

To determine

The equilibrium price and quantity in the market.

(b)

To determine

The equilibrium price and quantity in the market with the third party payer.

(c)

To determine

The total spending in consumer market and in third party payer market.

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