-In the Figure Above,________ Firms Will Share the Market and the ________

question 129

Multiple Choice

-In the figure above,________ firms will share the market and the ________.

• A) 2; efficient scale is 80 units
• B) 2; efficient scale is 40 units
• C) 3; efficient scale is 40 units
• D) 2; lowest possible price is $20
• E) 2; lowest possible price is $15

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Definitions:

Upcoding

The fraudulent practice of using billing codes that indicate a more expensive service was performed than was actually provided, to increase reimbursement from Medicare or insurance.

Increased Revenue

An upward trend in the amount of money generated from the sales of goods or services within a company.

Serious Fines

Substantial monetary penalties imposed as punishment for severe violations of laws or regulations.

ICD-9-PCS

An abbreviation for the International Classification of Diseases, Ninth Revision, Procedure Coding System; a system used in the United States to classify medical procedures.