Scenario: Doctors routinely ask patients for personal information such as occupation, employer, home address, and insurance coverage.
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Scenario: Doctors routinely ask patients for personal information such as occupation, employer, home address, and insurance coverage.
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How do the following factors affect the scope for price discrimination in medical services? Doctors treat patients on an individual basis and it is physically impossible to transfer medical treatment from one person to another. Characteristics such as occupation and home address are quite fixed. Explain how, if doctors use price discrimination, they can treat more patients than if they use uniform pricing.
Expert Answer:
Price Discrimination in Medical Services The health sector for the past few years has been on the forefront in displaying varied medical billsprices for similar services based on the patients personal ... View the full answer
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