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In the early part of the 20th century (1900-1920), the market for medical services is best described as: a monopoly controlled by hospitals through the

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In the early part of the 20th century (1900-1920), the market for medical services is best described as: a monopoly controlled by hospitals through the American Hospital Association. a poorly developed market characterized by underutilization due to the lack of health insurance. 0 a monopoly controlled by physicians through the American Medical Association. a commodity market characterized by undifferentiated products and price competition

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