Refer to the Article Summary. The article discusses the rising administrative costs of health care

Even if private insurance companies were more efficient and brought administrative costs down, consumers would still pay less than the full cost of medical treatment. This would result in the market equilibrium price of medical services being ________ than the efficient equilibrium price, and the market equilibrium quantity of medical services being ________ than the efficient equilibrium quantity.
A) less; less B) greater; less C) less; greater D) greater; greater


D

Economics

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