Managed care
a. establishes a system of retrospective payment determined ex ante.
b. combines the responsibilities of payer and provider of medical services.
c. attempts to shift a portion of the financial risk onto providers.
d. attempts to shift a portion of the financial risk onto patients.
e. Both b and c are correct.
E
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When a firms "dumps" some of its products in another country, it
A) creates an environmental hazard in the receiving country. B) sells its goods abroad at a price lower than it costs to produce the goods. C) increases the total level of employment in the receiving country. D) is specializing according to comparative advantage.
Suppose the marginal product of labor in the economy is given by MPN = 200 - 0.5 N, while the supply of labor is 100 + 4w
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Pretty Polly produces dresses for little girls. When Pretty Polly's manager sets the change in ________ profit equal to its marginal cost of advertising, Pretty Polly's ________ profit is maximized.
A) net; gross B) gross; net C) net; net D) gross; gross
Which of the following is not a common characteristic of oligopolistic firms?
a. high barriers to entry b. mutual interdependence c. a large number of sellers d. nonprice competition