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Class: Health Economics Instructions: Answers should be complete and demonstrate an understanding of the issues underlying the questions. Question: Kenneth Arrow argues that, due to
Class: Health Economics
Instructions: Answers should be complete and demonstrate an understanding of the issues underlying the questions.
Question: Kenneth Arrow argues that, due to asymmetric information, patients put a lot of trust in doctors.Arrow also points to a number of market mechanisms that have developed to foster and encourage trustworthiness.Discuss those mechanisms Arrow lists and how they help foster trustworthiness.
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