A Patient Has a Medical Condition, but He Doesn't Know

question 9

Multiple Choice

A patient has a medical condition, but he doesn't know what it is. The physician he sees diagnoses his illness correctly. What term applies to this situation?

• A) Principle-agent problem.
• B) Rational ignorance.
• C) Externalities.
• D) Asymmetric information
• E) The substitution effect.