Rationally ignorant about the proper therapy for gallstones

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Reference no: EM131005213

1. Is the idea of demand useful in healthcare, given the important role of agents?

2. Should medical services be free? Justify your answer

3. Why might a consumer be “rationally ignorant” about the proper therapy for gallstones?

4. Why do demand curves slope down (i.e. sales volume usually rises at lower prices)?

5. Why would consumers ever choose insurance plans with large deductibles?

Reference no: EM131005213

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