Question: This term describes the economic idea that, when all patients and health providers have enough information about the healthcare market, such as cost of services

This term describes the economic idea that, when all patients and health providers have enough information about the healthcare market, such as cost of services and availability of medical supplies, healthcare organizations will earn just enough profit to stay in business and no more. If they were to earn excess profits, other organizations would offer the same services for less and drive profits down. This term describes the economic idea that, when all patients and health providers have enough information about the healthcare market, such as cost of services and availability of medical supplies, healthcare organizations will earn just enough profit to stay in business and no more. If they were to earn excess profits, other organizations would offer the same services for less and drive profits down. Moral hazard Monopoly Idealism Perfect competition

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