Multiple Choice
Relative to when a patient has first-dollar medical insurance, the loss in total economic surplus would be smaller if:
A) medical care providers had to pay the full marginal cost of medical care.
B) medical care providers had to pay more of the marginal cost of medical care.
C) the patient had to pay less of the marginal cost of medical care.
D) the patient had to pay at least some of the marginal cost of medical care.
Correct Answer:

Verified
Correct Answer:
Verified
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