Examlex
Explain the difference in healthcare coverage between an HMO and PPO for the patient.
Domestic Price
The price of a good or service within a country's borders.
Domestic Consumption
The total amount of goods and services consumed within a country's borders.
Consumer Surplus
The difference between the total amount that consumers are willing to pay for a good or service and the total amount they actually pay.
Producer Surplus
The disparity between the minimum amount producers are prepared to take for a product or service and the higher amount they end up getting.
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