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The following figure represents a hospital facing both private and Medicare patients. Please use the graph to answer the following questions. Hospital Payment ($)

The following figure represents a hospital facing both private and Medicare patients. Please use the graph to answer the following questions. Hospital Payment ($) Patients (Hospital Admissions) A. Please label the marginal cost, marginal revenue, private demand, and Medicare demand curves. Label the Medicare DRG price on the y axis. Indicate on the graph, the number of privately insured patients and Medicare patients served by the hospital.

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