Doctors earn more than people in other professions basically because ______. a) they need to be compensated

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Doctors earn more than people in other professions basically because ______.

a) they need to be compensated for all those years they spent in school

b) they are in short supply relative to the demand for their services

c) it costs a lot more to be a doctor—office expenses, support staff, and malpractice insurance—than it does to be in almost any other profession

d) doctors put in longer hours than most other people.

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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Question Posted: Mar 01, 2024 11:00 PM

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Doctors earn more than people in other professions basically because ______. a) they need to be compensated

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Doctors earn more than people in other professions for a combination of reasons Firstly they ...View the full answer

Microeconomics

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