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Which of the following explains why the production function of health turns downward(i.e.has a positive slope, thenbecomes flatter,hits a turning point,then has a negative slope)at
Which of the following explains why the production function of health turns downward(i.e.has a positive slope, thenbecomes flatter,hits a turning point,then has a negative slope)at higher levels of medical spending?
A. inefficient allocation of resources.
B. iatrogenicdisease
C. economies of scale.
D. self-interested suppliers seeking economic profit.
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