Doctors have ________ incentive to control their costs when consumers ________ for a visit to the doctor's office
A) more; only pay a deductible
B) less; only pay a deductible
C) less; pay entirely out of pocket
D) more; have a third-party payer that pays
Answer: B
Economics
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A monopolist engages in price discrimination to:
A. maximize profits. B. further restrict output to increase its profits. C. increase consumer surplus. D. increase price beyond the profit-maximizing level.
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