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What are the unique characteristics of the health care sector that create inefficiencies in the market? What kind of inefficiencies? Why? In general, what two
What are the unique characteristics of the health care sector that create inefficiencies in the market? What kind of inefficiencies? Why?
In general, what two metrics would you use to evaluate trade-offs of spending more on health care vs. other non-healthcare goods? Why?
Scarcity
Opportunity cost??
From a government (policymakers) perspective, apply these two metrics to the current excessive health care spending and explain your conclusions.
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