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Serge had a poor math teacher and as a result began to perform very poorly in math class. In his next math class he did not try very hard, and stated that there was no use in trying because he was a poor math student. Therefore, Serge did not perform well in this class either. Now Serge avoids taking any math classes at all. Serge appears to have experienced __________ regarding math classes.
Asymmetric Information
A situation where one party in a transaction has more or better information than the other, potentially leading to an imbalance in decision-making or outcomes.
Fee-For-Pay
A pricing model where services are provided and charged based on specific transactions or uses rather than a subscription or blanket fee.
Out-Of-Pocket Costs
Expenses for medical care that aren't reimbursed by insurance, including deductibles, co-payments, and coinsurance.
Outpatient Facilities
Medical centers or clinics where patients receive treatment without being admitted overnight, including diagnostic services and minor surgical procedures.
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