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The demand curve (D) below represents the demand for Dr. Beefcake's services.The marginal cost (MC) of producing medical care is constant for Dr. Beefcake. The
The demand curve (D) below represents the demand for Dr. Beefcake's services.The marginal cost (MC) of producing medical care is constant for Dr. Beefcake. The shaded area represents the net benefit Dr. Beefcake's patients would get from receiving medical care from the next best option (NB(0)), Dr. Pickles.
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