Of the following, the most rapid rise in health care costs in the United States can be attributed to
A) the cost of malpractice lawsuit settlements.
B) the cost of malpractice insurance.
C) the cost to treat uninsured patients.
D) slow growth in labor productivity in health care.
D
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Which of the following is TRUE about monopolistic competition?
A) One firm serves as the entire industry. B) A small number of firms serve the entire market. C) It is competition among many firms producing similar but differentiated products. D) The pattern of production and trade is difficult to predict. E) It enjoys no economies of scale.
Healthy Nuts contractually requires distributors who purchase Healthy Nuts' snack packs to also purchase Healthy Nuts' large -sized mixed nuts tins. The legality of the practice will be evaluated under Section ________ of the Clayton Act.
A) 2 B) 8 C) 3 D) 7
If two or more firms combine or conspire to monopolize trade, this would be in violation of the:
a. Federal Trade Commission Act. b. Clayton Act. c. Sherman Antitrust Act. d. Robinson-Patman Act.
If most passenger trains operate far below full capacity and demand is ____, reducing travel fares would be likely to increase total revenue
a. inelastic b. unit elastic c. unit inelastic d. elastic