1. Describe how physician productivity might vary by how they are paid (e.g., salaried, fee-for-service, capitation rate).
2. In economic terms, what features distinguish physician - firms from the physicians themselves?
3. Why do discussions about induced demand always focus on doctors rather than on, for example, nurses?
4. Quality of care hinges on the effectiveness of communication within the doctor-patient relationship. Discuss how the economic concept of asymmetric information could lead to ineffective care.