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Assume throughout that an individual's demand curve for doctors visits is represented by Q=5021P 1pts The market price of a doctor's visit is $50 per
Assume throughout that an individual's demand curve for doctors visits is represented by Q=5021P 1pts The market price of a doctor's visit is $50 per visit. Assume the individual has an insurance plan with a deductible of $500 and a coinsurance rate of 10% In addition, assume there is a maximum out-of-pocket cost for the consumer of $1,450. For visits after reaching the maximum out-of-pocket cost limit, what is the "effective price" the patient faces per visit
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