Any Imperfection in the Market Mechanism That Prevents Optimal Outcomes

question 145

Multiple Choice

Any imperfection in the market mechanism that prevents optimal outcomes is known as

• A)Market failure.
• B)Government failure.
• C)External cost.
• D)Public cost.

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Definitions:

Eponym

A person after whom a discovery, invention, place, etc., is named or thought to be named.

Sequela

A condition which is the consequence of a previous disease or injury.

Diagnosis Codes

Diagnosis codes are part of a standardized system used in healthcare to categorize and document diseases, symptoms, and conditions.

Health Care Provider

A professional or organization that offers services to diagnose, treat, or support the health and well-being of patients.