Which of the following is considered a “third party” within the
1. Which of the following is considered a “third party” within the medical services industry? A The medical provider, i.e. physicianB. The for-profit hospitalC. The private insurance companyD. The patient 2.Whenever an input makes up a large percentage of a good’s final cost, an increase in that input’s price will A. cause the firm to shutdown.B. affect only accounting profits.C. affect total cost relatively more.D. not affect total revenues. 3. Social costs are A costs […]