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1. About two-thirds of funding for substance abuse treatment comes from taxpayers. Does substance abuse treatment have external benefits that warrant this level of public funding?
2. Few orthopedic surgeons publish data describing their surgical volumes, infection rates, mortality rates, functional gain rates, or customer satisfaction rates.
A. How much would a regulation requiring publication of such data cost?
B. Would such a regulation improve the workings of the market?
C. Would such a regulation be an appropriate government activity?
D. Do we need a regulation requiring publication of data for surgeons if private physician rating firms already exist?
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
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