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A Doctor Sets Up a Private Practice in Small Town

question 3

Essay

A doctor sets up a private practice in small town where he faces no other competitors. In spite of his monopoly position why is he not guaranteed to make a profit?


Definitions:

Math

A field of study dealing with the logical reasoning and quantitative calculation, and its application in solving problems.

Autism Spectrum Disorders

A range of neurodevelopmental disorders characterized by challenges with social skills, repetitive behaviors, speech, and nonverbal communication.

Affect

A term used in psychology to describe the experience of feeling or emotion.

Learning Disability

A condition giving rise to difficulties in acquiring knowledge and skills to the level expected of those of the same age, especially when not associated with a physical handicap.

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