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There Are Many Challenges to Changing Doctors, Including Transferring Medical

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There are many challenges to changing doctors, including transferring medical records and losing the doctor-patient relationship along with the doctor's knowledge of the patient's history. Changing doctors provides a great example of switching costs.


Definitions:

Crime Rates

Crime rates represent the number of crimes reported in a given area or population over a specific time period, often used as an indicator of social stability and safety.

External Cost

A cost of production or consumption that is not borne by the producer or consumer, but by society in general, such as pollution.

Plastics

Synthetic materials made from polymers that can be molded into different shapes and are used widely in goods and packaging.

Unit

A single, distinct item or entity that is regarded as an individual complete system or component in a larger system.

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