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A profit-maximizing hospital services provider serves two markets - a private market where it operates as a monopoly provider and a public (Medicare) market where
A profit-maximizing hospital services provider serves two markets - a private market where it operates as a monopoly provider and a public (Medicare) market where it operates as a price-taker. What would be the expected supply effect in a scenario where the public market (Medicare) reduced its level of reimbursement and the private market remained the same? Question 4 options: Increased supply to the private market Decreased supply to the private market Decreased supply to the public market More than one of the above is correct
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