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When a nonprofit hospital is willing to accept reduced profits in exchange for more output or higher-quality output, it is an example of: A. the

When a nonprofit hospital is willing to accept reduced profits in exchange for more output or higher-quality output, it is an example of:

  • A. the government-failure theory.
  • B. the altruistic-motive theory.
  • C. nonprofits as for-profits in disguise theory.
  • D. asymmetric information and a failure of trust.

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