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Given the market structure of pediatric dentistry which is monopolistic competitive, each firm produces a level that partially supplies the market. This alone makes the
Given the market structure of pediatric dentistry which is monopolistic competitive, each firm produces a level that partially supplies the market. This alone makes the market not achieve efficiency. By accepting different forms of private and public dental insurance, allows a dentist to charge different prices to different buyers for the same good, helping the dentist service more of the market closer or a perfect competitive level and still be profitable.
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