The Maximum Limit on Most Dental Policies Is Often in the Range

question 68

Multiple Choice

The maximum limit on most dental policies is often in the range of _____ per patient.

• A) $1,500 to $2,500
• B) $2,000 to $2,500
• C) $1,000 to $2,500
• D) $1,500 to $2,000
• E) $3,000 to $5,000

---

Definitions:

Profit

The financial gain realized when the revenue from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

Kinked-demand Curve

A demand curve that has a distinct bend or kink, typically illustrating that a firm in an oligopoly will experience a different elasticity of demand for price increases compared to price decreases.

Price Cut

A reduction in the price of a good or service to attract more customers or boost sales.

Price Increase

A rise in the cost of goods or services, often measured by inflation rates or observed in market prices.