The U.S.government's Medicare program is the primary financier (or payer) of health insurance for the aged.In this situation,the government is
A) a monopsonist that allows providers to charge whatever they want but imposes quality controls.
B) a monopolist that imposes price controls to reduce overall cost.
C) a monopsonist that imposes price controls to reduce overall cost.
D) a monopolist that imposes price controls to increase overall quality.
E) both a monopolist and monopsonist that makes active use of price controls.
Correct Answer:
Verified
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