Congressional studies report that Medicare payments fall 11 percent below the cost of treating patients while private insurance patients pay 29 percent more than cost. This phenomenon may be attributable to cost shifting or price discrimination depending on:
a. the provider's payer mix.
b. the size of the hospital.
c. whether the hospital is organized as for profit or not-for-profit.
d. whether the patient has Medigap insurance.
e. the patient's income.
a. the provider's payer mix.
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There are four firms in the cement industry in Richland. Firm A has a market share of 30%, Firm B has a market share of 20%, Firm C has a market share of 25%, and Firm D has a market share of 25%
The Herfindahl-Hirschman Index for the cement industry is ________. A) 50 B) 100 C) 2,550 D) 4,000
You are given the following market data for Venus automobiles in Saturnia
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