One of the Biggest Advantages of __________ Is That Most

question 80

Multiple Choice

One of the biggest advantages of __________ is that most allow members to see physician specialists directly without a referral from a primary care physician if the specialist is within the network.

• A) indemnity plans
• B) health maintenance organizations (HMO)
• C) preferred provider organizations (PPO)
• D) point of service plans (POS)

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Definitions:

Market Outcome

A result of interactions between buyers and sellers in a market, determining the price and quantity of goods or services traded.

Pure Monopoly

A market structure where a single seller sells a unique product in the market and no close substitutes exist.

Cartel

Market in which some or all firms explicitly collude, coordinating prices and output levels to maximize joint profits.

Price Strategies

Techniques used by companies to price their products or services with a view to maximizing profits or market share.