Two firms in an oligopoly can always do better if one firm buys the other.
Answer the following statement true (T) or false (F)
True
Rationale: This becomes the most effective way of forming a cartel.
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As a result of moral hazard
A) both physicians and hospitals order more procedures. B) physicians and hospital administrators have no incentive to raise costs. C) patients increasingly have to worry about the expense of operations and other medical procedures. D) both physicians and hospitals have a financial interest in trying to keep hospital costs down.
Which of the following is true of the structure of the public education system in the United States?
A. Teachers are paid based solely on their performance and abilities. B. School principals do not have budgetary incentives to make bad teachers better. C. Parents can threaten principals to move their kids to a private school if they are disappointed with the quality of education. D. Teachers receive monetary incentives to educate students with special needs.