To control moral hazard and the increased spending that accompanies it, managed care providers include _______ in contracts with providers

Refer to Figure 3-2. An increase in the price of substitutes in production would be represented by a movement from

A) A to B. B) B to A. C) S1 to S2. D) S2 to S1.

The practice of buying a firm's good in one market at a low price and selling it in another market for a higher price in order to profit from the price difference is known as

a. Predatory pricing b. Price collusion c. Arbitrage d. Mark-up pricing