In Which Plan Do Employees Possess the Option to Receive

question 24

Multiple Choice

In which plan do employees possess the option to receive care from health care providers outside the designated network of physicians,paying more for the choice?

• A)fee-for-service plans
• B)preferred provider organizations
• C)HMOs
• D)point-of-service plans

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Definitions:

Decreasing-Cost Industry

An industry in which costs per unit decline as the industry scales up production, often due to economies of scale.

Average Cost

The total cost of production divided by the quantity of the product produced, indicating the cost per unit of output.

Industry's Output

The total production of goods or services generated by all firms operating within a specific industry.

Decreasing-Cost Industry

An industry characterized by a downward-sloping long-run supply curve, indicating lowering costs as industry output increases.