Given

Treatment A: cost = $4,000; effectiveness = 70%

Treatment B cost = $4,500; effectiveness = 70%

Treatment C cost = $6,000; effectiveness = 70%

What can you say about domination (also called obvious domination)

Group of answer choices

Treatment A dominates B

Treatment B dominates C

Treatment A dominates C

all of the choices

none of the choices

Flag question: Question 21

In the previous question the patient is asked to chooses the Treatment. If the patient chooses Treatment C then this is an example of

Group of answer choices

ex-post moral hazard

ex-ante moral hazard

a deductible

monitoring

thicketing