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Provide an example of the principal-agent problem in the healthcare setting and why this problem leads to market failure. If find an outside source or

Provide an example of the principal-agent problem in the healthcare setting and why this problem leads to market failure.

If find an outside source or chapter please cite and reference.

Microeconomics.

Chapters 8 and 9

Phelps, C. E. (2016). Health economics (6th ed.). Routledge.

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