Managed care:
a. is becoming less widespread in medical care delivery.
b. provides a mechanism that shifts a portion of the financial risk onto patients and providers.
c. recognizes and maintains separate responsibilities for the payer and the provider of medical services.
d. provides retrospective payment determined by the amount of services provided to a patient.
e. focuses cost-containment strategies on the provider side of the market.
b. provides a mechanism that shifts a portion of the financial risk onto patients and providers.
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If you generate a new idea that has not been implemented yet by anyone else, and the idea offers a more profitable use of some resource, it is likely an example of:
A. innovation. B. market failure. C. intervention. D. a goal other than profit.
Expectations of future prices affect demand but not supply
Indicate whether the statement is true or false
When McDonald's opens a store in Dhaka, Bangladesh, it has a strong incentive to enforce product quality consistent with stores in the United States
a. True b. False Indicate whether the statement is true or false
Which of the following is closest to a perfectly competitive market?
A) the computer software market B) the market for handmade guitars C) the market for broccoli D) the market for athletic shoes