In an unregulated market for healthcare, the quantity produced ________ the efficient quantity.
A) is less than
B) is greater than
C) is equal to
D) cannot be compared to

Question

Quizplus · Accepted Answer

In an unregulated market for healthcare, the quantity produced is typically less than the efficient quantity due to market failures such as information asymmetry and externalities.

In an Unregulated Market for Healthcare, the Quantity Produced ________