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Question
As the government pays for an increasing portion of medical care expenses for citizens in the United States
a. the governments monopsony power will grow and citizens will pay higher prices for medical care.
b. the governments monopsony power will grow and citizens will pay lower prices for medical care.
c. the governments monopoly power will grow and citizens will pay higher prices for medical care.
d. the governments monopoly power will grow and citizens will pay lower prices for medical care.
e. there will be no effect on the governments power to determine the prices paid for medical care.
Answer
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