Which of the Following Has Been Shown to Discourage Competition

question 4

Multiple Choice

Which of the following has been shown to discourage competition in the long-term care industry?

• A) Certificates of need
• B) Sunk costs
• C) Scale economies
• D) Predominance of Medicaid
• E) None of the above

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Definitions:

Significance Level

A threshold of probability set before an experiment to determine the acceptability of the evidence against the null hypothesis.

Student Body Proportions

The ratio or percentages of various groups within a school or college’s enrollment, such as by gender or race.

Freshmen

First-year students at a high school, college, or university.

Sample

A subset of individuals or observations taken from a larger population, used for statistical analysis.