Refer to the Table Shown That Depicts a Third-Party Payer

question 88

Multiple Choice

Refer to the table shown that depicts a third-party payer market. What is the cost of this program to the third-party if a $2 co-pay is established? $$\begin{array} { | c | c | c | } \hline \text { Price } & \text { Quantity Demanded } & \text { Quantity Supplied } \\\hline \$ 0 & 1,200 & 0 \\\hline \$ 1 & 600 & 150 \\\hline \$ 2 & 300 & 300 \\\hline \$ 3 & 0 & 450 \\\hline \$ 4 & 0 & 600 \\\hline \$ 5 & 0 & 750 \\\hline \$ 6 & 0 & 900 \\\hline \$ 7 & 0 & 1,050 \\\hline\end{array}$$

• A) $0
• B) $150
• C) $600
• D) $1,200

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Definitions:

Leading

The act of guiding or directing a group towards a goal or objective.

Leadership Style

The characteristic manner and approach of providing direction, implementing plans, and motivating people.

Co-lead

The act of sharing leadership or facilitation duties between two or more individuals in a group or team setting.

Leadership Styles

Various approaches to guiding, directing, motivating, and managing teams and organizations, each with its unique strategies and implications.