In most areas,there are a large number of qualified primary care physicians whose services are highly personalized.In addition to price,factors such as age,sex,location,and personality influence the choice of physician.The primary care physician market is probably:
A) perfectly competitive.
B) oligopolistic.
C) monopolistic.
D) monopolistically competitive.

Question

Quizplus · Accepted Answer

The primary care physician market is likely monopolistically competitive, as there are many qualified physicians but factors such as location or personality can influence a patient's choice, creating some differentiation among providers. However, there is still a reasonable degree of substitutability among physicians, which makes it different from a pure monopoly.

In Most Areas,there Are a Large Number of Qualified Primary