Health Economics and Policy
Health Economics and Policy
7th Edition
ISBN: 9781337106757
Author: James W. Henderson
Publisher: Cengage Learning
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Chapter 5, Problem 4QAP
To determine

To determine the insufficiency of scientific merit in determining the rational allocation of medical funds in high-cost cases like cancer or AIDS.

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Which kind of externality problems exists in the market for medical checkup? How does this externality problem affect the efficiency of the market? Explain in detail.
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