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    Exam 12: General Equilibrium and the Efficiency of Perfect Competition
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    One Reason to Require Medical Practitioners to Be Licensed Is
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One Reason to Require Medical Practitioners to Be Licensed Is

Question 25

Question 25

Multiple Choice

One reason to require medical practitioners to be licensed is that


A) medical care involves substantial externalities.
B) medical care is so expensive.
C) medical care is a public good.
D) medical care consumers lack perfect information.

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