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When threatened, a cobra will rear up and spread its hood, which makes its head look larger and displays the eye spots. What kind of behavior is this?
Asymmetric Information
A situation where one party in a transaction has more or superior information compared to another, often leading to an imbalance in power or unfair advantages.
Health Care Buyers
Health care buyers are individuals or entities, such as insurance companies or government agencies, that purchase health care services on behalf of consumers.
Providers
Entities or individuals that offer a certain type of service or goods to the market, typically within the context of healthcare, utilities, or telecommunications.
Well-Informed
Having access to all necessary information to make educated decisions or opinions on a particular matter.
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