(a) How is the medical care market different from other markets ?
(a) How is the medical care market different from other markets?
(b) Draw a production possibilities curve between health and all other goods. Insert a point in the drawing that illustrates an economy with an inefficient health system. Insert two additional points that illustrate two efficient economies but two that contrast in their relative emphasis on health care versus all other goods. Is there a cost to society of policies that lead to increases in health care? Explain
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