One reason the supply and demand model might not be appropriate to the health-care industry?

Question

Quizplus · Accepted Answer

In the health-care industry, consumers often lack full information about their health conditions, treatment options, and associated costs, making it difficult for them to make informed decisions about their health and healthcare services. As a result, the traditional supply and demand model might not be appropriate, as it assumes that consumers have perfect information about the market and can make rational decisions based on that information. The reality is much more complex and nuanced in the healthcare industry.

One Reason the Supply and Demand Model Might Not Be