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Unformatted text preview: medical arms race prisoners dilemma, Nash equilibrium, and dominant strategy monopoly characteristics and prot maximization demand curve marginal revenue and marginal cost prot equation cost shifting excess demand or shortage nondistribution in terms of non-prots externalities, public goods and free riders 3 theories about why non-prots exist 3 theories about whether non-prots provider higher quality care measures of factor productivity labor supply and demand monopsony power price discrimination supplier induced demand small area variation variance and coecient of variation consumer surplus medical malpractice and defensive medicine community vs. experience rated insurance...
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- Spring '11