Identify some reasons governments may choose to provide (or heavily subsidize) heart surgery in a hospital. (Select all that apply.) A. Preferences for public provision B. Concern that heart surgeries in hospitals create negative externalities in production C. Concern about the market power of surgeons and hospitals that can perform heart surgery D. Concern about adverse selection, in that consumers are much less knowledgeable about their heart surgery needs than heart surgeons
Identify some reasons governments may choose to provide (or heavily subsidize) heart surgery in a hospital. (Select all that apply.) A. Preferences for public provision B. Concern that heart surgeries in hospitals create negative externalities in production C. Concern about the market power of surgeons and hospitals that can perform heart surgery D. Concern about adverse selection, in that consumers are much less knowledgeable about their heart surgery needs than heart surgeons
Chapter7: The Market For Health Insurance
Section: Chapter Questions
Problem 3QAP
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Question
![Identify some reasons governments may choose to provide (or heavily subsidize) heart surgery in a hospital. (Select all
that apply.)
A. Preferences for public provision
B. Concern that heart surgeries in hospitals create negative externalities in production
C. Concern about the market power of surgeons and hospitals that can perform heart surgery
D. Concern about adverse selection, in that consumers are much less knowledgeable about their heart surgery
needs than heart surgeons](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1a8c3f35-0c31-4d9c-9a3e-2554bdd7c95b%2F225fc053-c99e-43f2-ba84-0a6cebf457d2%2Fncy50fq_processed.png&w=3840&q=75)
Transcribed Image Text:Identify some reasons governments may choose to provide (or heavily subsidize) heart surgery in a hospital. (Select all
that apply.)
A. Preferences for public provision
B. Concern that heart surgeries in hospitals create negative externalities in production
C. Concern about the market power of surgeons and hospitals that can perform heart surgery
D. Concern about adverse selection, in that consumers are much less knowledgeable about their heart surgery
needs than heart surgeons
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