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Buying a Hip Replacement Surgery Is Different from the Assumptions

Question 13

Multiple Choice

Buying a hip replacement surgery is different from the assumptions of a purchase in the perfectly competitive market because


A) the seller has an ethical duty to care for you.
B) all buyers are price makers.
C) product characteristics do not vary significantly across providers.
D) information is freely available about surgeons specializing in hip replacements.
E) obtaining Board Certification in Orthopedic Surgery is a relatively quick and uncomplicated procedure.

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