Which of the following is not a problem in health-care markets?
A) Hospitals are not trying to maximize their profit.
B) asymmetric information
C) public-health externalities
D) a missing insurance market
E) None of the above answers is correct; that is, all the answers are problems in health-care markets.

Question

Quizplus · Accepted Answer

Hospitals are profit-seeking organizations and often strive to maximize their profits. This makes option A an incorrect choice, and options B, C, and D are all valid problems in healthcare markets. Therefore, the correct answer is E: None of the above answers is correct; that is, all the answers are problems in health-care markets.

Which of the Following Is Not a Problem in Health-Care