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Topic: Economics Exam 2. 4/9 pleases I want the writer to answer this work by question by question and also write the question down. Example let say is you take question 1, u write the question answer and and move to the next question.
Question One
Define and provide an original example of the concepts listed below.
Discuss their significance in determining the efficient functioning of a medical market.
Concepts
Moral Hazard
Adverse Selection
Asymmetric Information
Third-Party Payer
Cream Skimming
Question Two
Write an essay in which you
Describe the theory of physician-induced demand for medical services.
Explain how the dual nature of the physician’s role as both advisor and provider supports the induced demand theory.
Identify and explain what implications physician-induced demand has for healthcare policy.
Discuss how health insurance reinforces physician-induced demand.
Discuss what the natural limits to the alleged problem of physician-induced demand are.
Question Three
Write an essay in which you
Describe the different characteristics of for-profit and not-for-profit hospitals.
Discuss whether the non-for-profit hospital status eliminates the for-profit behavior. Explain your answer.
Define cost-plus pricing and discuss how it affects the hospital’s behavior.
Question One Define and provide an original example of the concepts listed below. Discuss their significance in determining the efficient functioning of a medical market. Concepts Moral Hazard Adverse Selection Asymmetric Information Third-Party Payer Cream Skimming Question Two Write an essay in which you Describe the theory of physician-induced demand for medical services. Explain how the dual nature of the physician’s role as both advisor and provider supports the induced demand theory. Identify and explain what implications physician-induced demand has for healthcare policy. Discuss how health insurance reinforces physician-induced demand. Discuss what the natural limits to the alleged problem of physician-induced demand are. Question Three Write an essay in which you Describe the different characteristics of for-profit and not-for-profit hospitals. Discuss whether the non-for-profit hospital status eliminates the for-profit behavior. Explain your answer. Define cost-plus pricing and discuss how it affects the hospital’s behavior.

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