Surgical specialists earn more than general/family practice physicians do.Which of the following statements is not true regarding this income differential?
a. Surgeons will always earn more than general practitioners because they are smarter than general practitioners.
b. Surgeons earn more than general practitioners because cutting into people is risky.
c. Surgeons earn more because their practice costs, including medical malpractice insurance, are higher.
d. Surgeons earn more to compensate them for the extra years spent as residents.
e. Physicians' incomes are determined largely by supply and demand conditions with respect to each specialty.
a. Surgeons will always earn more than general practitioners because they are smarter than general practitioners.
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