Which of the following is NOT a type of free market?
A) monopoly
B) oligopoly
C) managed competition
D) monopolistic competition
E) perfect competition
Answer: C
Explanation: C) Managed competition is a term used in the health care industry.
You might also like to view...
Consider a coupon bond that pays $150 every year and repays its principal amount of $2,000 at the end of six years. If the annual rate of discount is 7.5 percent, what is the present value of the bond?
What will be an ideal response?
The final step involved in conducting bivariate analysis is significance testing
Indicate whether the statement is true or false
A large manufacturer of farm equipment has recently switched to a product design approach in which representatives from a variety of the firm’s functional areas are involved in the product design process. This type of approach is likely be referred to as?
a. Concurrent engineering b. Functional siloing c. Cooperative dynamics d. Decision theory
West Coast Insurance writes property and liability insurance in California, Oregon, and Washington. These states are all susceptible to earthquakes
To help determine how much reinsurance to purchase, West Coast Insurance hired an organization to use a computer algorithm to estimate what its insured losses would be if a severe earthquake occurred. West Coast Insurance based its purchase of reinsurance on the loss estimates. This scenario illustrates using A) value-at-risk analysis. B) catastrophe modeling. C) risk mapping. D) a risk management information system.