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Question
Marion fell out of a tree while bird-watching outside her home in Dijon, France. The bill from the hospital for putting a cast on her broken arm is estimated to be 2,000. This price for medical care was determined
a. by the intersection of supply and demand, unfettered by government regulations.
b. by the intersection of supply and demand, but the government played a significant role in increasing supply.
c. by the intersection of supply and demand, but the government played a significant monopolist role to control costs.
d. by the intersection of supply and demand, but the government played a significant monopsonist role to control costs.
e. not at all by the role of the government as the primary payer of health care costs.
Answer
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