All the Following Are True Regarding HMOs EXCEPT

question 11

Multiple Choice

All the following are true regarding HMOs EXCEPT:

• A) regulated by federal and state law.
• B) encourage preventative health services.
• C) the least restrictive type of care plan.
• D) require a referral for specialist services.

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Definitions:

Differentiated Oligopoly

An oligopoly market structure in which each firm offers a distinct product or service, leading to non-price competition.

Homogeneous Oligopoly

A market structure characterized by a few firms selling products that are identical or very similar.

Monopolistic Competition

A market structure characterized by many companies selling products that are similar but not identical, allowing for some differentiation and market power.

Pure Monopoly

A market structure characterized by a single seller who controls the entire supply of a unique product or service, with no close substitutes.