1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
denis-greek [22]
3 years ago
7

The asymmetric information problem in the market for healthcare services is​ _______.

Business
1 answer:
Vinil7 [7]3 years ago
8 0

Answer:

B

Explanation:

Asymmetric information is an instance of market failure.

It is when one party to a transaction possesses greater information or knowledge than the other party. e.g. when a seller possesses greater information than the buyer or when a buyer possesses greater information than the seller.

Individuals know when they have a more healthy lifestyle while their insurers might not be privy to such information due to privacy laws

You might be interested in
Debbie, a popular wedding photographer, is able to photograph a wedding every Saturday of the year. She charges couples $4,000 f
rosijanka [135]

Answer:

c. $1,800

Explanation:

Economic cost calculates what is gained or lost when a particular activity is chosen over another activity.

It incorporates the opportunity cost of taking a particular activity into its calculation of cost.

The economic cost of Debbie taking the picture of her niece is :

$4000 - $2200 = $1800

I hope my answer helps you

6 0
3 years ago
Ahngram Corp. has 1,000 defective units of a product that cost $3.30 per unit in direct costs and $6.80 per unit in indirect cos
OLga [1]

Answer:

If the units are reworked, income will increase by $5,800.

Explanation:

Giving the following information:

Number of units= 1,000

Sell as-is= $4.3

Rework cost= $2.8

Selling price= $12.9

<u>Because the original cost will remain constant in both options, we will not take them into account.</u>

Sell as-is:

Effect on income= 1,000*4.3= $4,300

Rework:

Effect on income= 1,000*(12.9 - 2.8)

Effect on income= $10,100

If the units are reworked, income will increase by $5,800.

4 0
3 years ago
The term ""umbrella insurance"" means a policy that provides coverage when a lawsuit is brought over injuries or damage the insu
shepuryov [24]

Answer:

The correct answer is Travelers Company.

Explanation:

An Umbrella Insurance Policy is a type of coverage that goes beyond traditional insurance for homes, cars and boats. To understand what an Umbrella Insurance Policy is, it is worth analyzing your coverage. This kind of policy protects against vandalism, slander, defamation and invasion of privacy, as well as claims for damages caused to other people or property in accidents. An Umbrella Insurance Policy is very useful when, for example, a person causes a car accident and their original policy does not cover all the medical expenses of those affected. This kind of policy is suitable for individuals with many assets or high-value assets that are highly likely to suffer lawsuits.

7 0
3 years ago
Although mcdonald's (opening case) is competing in an unattractive industry, it has improved its performance by focusing on prod
Finger [1]

The resource based model.

The resource based approach says organizations should look inside their company for sources of improvement and competitive advantage rather than looking outside to their environment (such as their industry).

4 0
3 years ago
Although Omar has enough money to afford his expenses while attending college, he still commits to saving a specified amount eac
pychu [463]

Answer:

Omar may have fewer demands on his life

Explanation:

6 0
3 years ago
Other questions:
  • A. is a mathematical formula that is used to calculate the number of years it takes real gdp per capita or any other variable to
    14·1 answer
  • Louie is considering two different manufacturing processes. One is more capital intensive with fixed costs of​ $150,000 and vari
    10·1 answer
  • Every decision you make in a computer program involves evaluating one or more _____ expression
    11·1 answer
  • The price of popcorn is $0.50 per box and the price of peanuts is $0.25 per bag, and eddie has $10 to spend on both goods. the m
    11·1 answer
  • Two new software projects are proposed to a young, start-up company. The Alpha project will cost $530,000 to develop and is expe
    11·1 answer
  • Discounting A. A concept that maintains that the owner of a cash flow will value it differently, depending on when it occurs.
    9·1 answer
  • Helppppppppppppp
    15·1 answer
  • The Industrial Revolution was characterized by a(n) Group of answer choices migration of manufacturing jobs from the Midwest and
    13·1 answer
  • is the process of managing all the pieces and parts of artifacts produced as part of software development and support activities
    15·1 answer
  • Overuse of the priority flag by a business email sender can lead to a reputation as?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!