The Compliance Date for All Covered Entities to Convert to the New

question 34

Multiple Choice

The compliance date for all covered entities to convert to the new ICD-10 diagnostic coding system is no sooner than:

• A) 2012.
• B) 2013.
• C) 2015.
• D) 2020.

---

Definitions:

Barriers to Entry

Obstacles that make it difficult for new competitors to enter a market, such as high startup costs, strict regulations, or strong brand loyalty.

Lerner Indices

A measure of a firm's market power calculated by the difference between price and marginal cost relative to the price.

Marginal Cost

The additional cost incurred by producing one more unit of a product, reflecting the cost of the resources used in the production of that extra unit.

Patent

A governmental right granted to an inventor, giving the exclusive right to make, use, sell, and import an invention for a certain period of time.