Which market structure is characterized by the following characteristics? i. A large number of firms compete. ii. Each firm produces a differentiated product. iii. Firms are free to enter and exit

A benefit of deductibles and health savings accounts is that they

A) reduce the moral hazard problem associated with third-party payers. B) increase the quality of health care. C) reduce the use of expensive techniques for hopeless cases. D) reduce the incomes of physicians.

When markets open up to international trade, we know that total surplus will rise

a. True b. False Indicate whether the statement is true or false