EcmC34 Lecture 10.doc

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Department
Economics for Management Studies
Course
MGEC34H3
Professor
M.C,
Semester
Winter

Description
ECMC34 Lec 7Talking about imperfect informationPhysician knows more about math problems than you as a patientmore common way physicians are paidfee for servicefor each service provided you get a feeSupplier Induced Demandoccurs when physicians in a fee for service pay system prescribe unnecessary service their incomeusually occurs only in a fee for service pay system
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