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One type of fee schedule payment system assigns a weighted unit value for each medical procedure or service based on the cost and intensity of that service. Under this system, the unit values for procedural services are generally higher than the unit values for cognitive services. This system is known as a
Flight Capacity
The maximum number of passengers or quantity of cargo that an aircraft can carry.
Price Elasticity
The degree to which the demand for a product is sensitive to price changes, indicating how the quantity demanded fluctuates with price variation.
Cournot Duopolists
Firms in a duopoly market structure where each firm chooses its quantity to produce based on the quantity chosen by its competitor, following the Cournot assumption.
Marginal Cost
The charge for producing another unit of a good or service.
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