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3. Medical malpractice is the third leading cause of death in the US. Because of recent judicial decisions, a medical doctor has decided NOT to
3. Medical malpractice is the third leading cause of death in the US. Because of recent judicial decisions, a medical doctor has decided NOT to buy malpractice insurance. The marginal cost will then go up because of handling further potential litigations in the court. Then
(i) The doctor should charge higher prices (for every hour of service)
(ii) The doctor should leave her prices unchanged
(iii) The doctor should charge lower prices
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