In most areas, there are a large number of qualified primary care physicians whose services are highly personalized. In addition to price, factors such as age, sex, location, and personality influence the choice of physician. The primary care physician market is probably:
a. perfectly competitive
b. oligopolistic.
c. monopolistic.
d. monopolistically competitive.
d
You might also like to view...
Consider the labor market below. Suppose the government passes a minimum wage requiring employers to pay at least $8.00 per hour. 
 Employment will fall by ________ person-hours per day as a result of the minimum wage.
A. 4,000 B. 8,000 C. 6,000 D. 2,000
A marginal external cost is the cost of producing an additional unit of a good that falls on the producer
Indicate whether the statement is true or false
Identified departures from perfect rationality include:
A. incoherent choices. B. bias towards the status quo. C. anchoring. D. All of these are identified departures from perfect rationality.
Firms have ________ over their ________ costs in the short run.
A. no control; fixed B. control; overhead C. no control; variable D. control; fixed