A physician's ability to induce demand is greatly enhanced when
a. patients pay their own medical bills.
b. patients request follow-up visits.
c. patients have difficulty gathering and processing information.
d. the physician follows strict treatment guidelines.
e. treatment options are limited.
C
Economics
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The problem created by "scarcity":
A. is not a concern for the top income earners. B. applies to everyone because in general resources are limited. C. could be solved if more people worked overtime. D. is an individual concern but not a concern on the macro level.
Economics
Sources of market failure include
A. public goods. B. external costs. C. external benefits. D. All of the above are correct.
Economics