Organizations That Provide a Wide Range of Health-Care Services for Participants

question 31

Multiple Choice

Organizations that provide a wide range of health-care services for participants and employers who typically pay an established monthly fee for services are called:

• A) HMOs
• B) PYOs
• C) MHAs
• D) BYOs

---

Definitions:

Collusive Oligopoly

A market condition where a small number of firms illegally agree to set prices or output levels to maximize collective profits.

Noncollusive Oligopoly

A market structure where a few firms dominate but do not explicitly coordinate their pricing and output decisions, leading to competitive but interdependent market outcomes.

Game Theory

A branch of mathematics and economics that studies the strategic interactions among rational decision-makers, aiming to predict their choices of action given the rules of the game and the actions of others.

Oligopoly

A market structure dominated by a small number of large firms, leading to limited competition and potentially collaborative behavior that influences prices and production.