In the Allocation of Health Resources, the Criterion (Or Criteria)

question 18

Multiple Choice

In the allocation of health resources, the criterion (or criteria) should be which of the following?

• A) Likelihood of benefit
• B) Duration of benefit
• C) Urgency of need
• D) All of the above

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Definitions:

Oligopoly

A market structure characterized by a small number of firms controlling a large market share, leading to limited competition.

Monopolistically Competitive

Characterizes a market environment where various businesses market products that resemble each other but are not exact duplicates, thereby providing them with some level of control over the market.

Allocative Efficiency

A state of resource allocation in which goods and services are distributed according to consumer preferences, achieving optimal distribution.

Productive Efficiency

A scenario where goods or services are produced at the lowest possible cost and with maximum efficiency in resource usage.