Entities That Make Payment on an Obligation or Debt but Are

question 17

Multiple Choice

Entities that make payment on an obligation or debt but are not parties of the contract that created the debt are called

• A) riders.
• B) service benefit plans.
• C) third-party payers.
• D) capitation.

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Definitions:

Nash Equilibria

Situations in a strategic game where no player can benefit by changing their strategy while the other players keep theirs unchanged.

Stable

In an economic context, it refers to a situation or condition that is not significantly changing or is predictable and thus not subject to rapid fluctuations.

Noncooperative Games

A type of game theory in which players make decisions independently, without colluding or forming alliances, often leading to suboptimal outcomes for all involved.

Homogeneous Good

A product or service that is considered identical or very similar no matter who produces it, making price the main differentiator.