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A 49-year-old man comes to the office due to dysuria and hematuria. Vital signs are within normal limits and physical examination is unremarkable; urinalysis shows gross hematuria but is otherwise normal. The physician discusses potential causes and the need for a cystoscopy. The patient is told what to expect during the procedure and is given written information and a referral list with instructions on how to schedule an appointment with a urologist. He anxiously glances over the papers, saying he will make an appointment soon. Office staff had informed the physician that the patient was unable to follow the directions on the sign-in sheet and declined to fill out paperwork. Which of the following physician responses is the most appropriate at this time?
Pure Monopolist
A sole producer in a market with no close substitutes for the product, allowing for the control of price.
Marginal Revenue
The supplementary earnings obtained from the sale of one more unit of a product or service.
Revenue Curves
Graphs showing the relationship between the sales volume and the revenue generated from those sales.
Elastic Portion
The segment of a demand curve where the quantity demanded changes significantly as a result of price changes, indicating high price elasticity of demand.
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