Blue Cross, a medical insurer, publishes lists of "usual, customary, and reasonable" rates for medical services. Blue Cross insureds can then shop for medical services to be certain they are fully covered. A physician who charges rates higher than Blue Cross alleges there is a combination in restraint of trade to force him out of business and a price-fixing conspiracy. Is he right? Explain why or why not?

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Claim of phsician is incorrect Firstly we would like to explain the meaning of combination in restra... View the full answer