One of the special features of the health care market is asymmetric information. Which of the following is not characteristic of asymmetric information?
A) The doctor (supplier) tells the patient (demander) what to purchase
B) Buyers have little understanding of services they are asked to consume
C) Fee-for-pay arrangements lead to excessive quantities of services prescribed
D) Consumers pay lower out-of-pocket costs
Correct Answer:
Verified
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