What Type of Dispute Resolution Process Is Med-Arb

question 6

Multiple Choice

What type of dispute resolution process is med-arb?

• A) A process in which the parties agree to start out in mediation and, if the mediation is unsuccessful on one or more points, to move on to arbitration.
• B) A process in which the parties agree to start out in arbitration and, if the arbitration is unsuccessful on one or more points, move on to court-annexed ADR.
• C) A process in which the parties agree to start in mediation and move to litigation if the mediation is unsuccessful.
• D) A process in which the parties agree to start in arbitration and move to litigation if the mediation is unsuccessful.
• E) A special type of blended mediation and arbitration applicable only in the medical malpractice arena.

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Definitions:

Producer Surplus

The variance between what producers are prepared to take for a product or service and what they end up getting.

Minimum Price

A price floor set by governing bodies, above which a good or service cannot be sold, often implemented to ensure fair compensation for producers.

Producer Surplus

The difference between the amount producers are willing to sell a product for and the actual higher amount they receive.

Positively Sloped

Describes a line or curve on a graph that moves upward as it goes from left to right, indicating a positive relationship between two variables.