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When Economists Say That Health Care Services Are Overconsumed, They

Question 82

Multiple Choice

When economists say that health care services are overconsumed, they mean that


A) rich people buy too much health care and poor people buy too little.
B) some resources now used in the health care industry could produce alternative goods and services that society values more highly.
C) health care is being purchased in amounts such that marginal benefits exceed marginal costs.
D) the price of health care is below equilibrium so that quantity demanded exceeds quantity supplied.

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