Figure 5-5
Figure 5-5 represents the market for medical services with and without insurance, and the effect of a third-party payer system on the demand for medical services.
-Refer to Figure 5-5.With insurance and a third-party payer system,what price do doctors receive for medical services?

Question

Figure 5-5
  Figure 5-5 represents the market for medical services with and without insurance, and the effect of a third-party payer system on the demand for medical services.
-Refer to Figure 5-5.With insurance and a third-party payer system,what price do doctors receive for medical services?

Quizplus · Accepted Answer

In the market with insurance and a third-party payer system, the equilibrium price for medical services is $65, which is the price that doctors receive for their services. Therefore, the correct choice is C.

Figure 5-5 Figure 5-5 Represents the Market for Medical Services