Physicians' Fees Have Risen Rapidly in the Face of an Expanding

question 53

Multiple Choice

Physicians' fees have risen rapidly in the face of an expanding supply of physicians in the last two decades.Which of the following reasons best explains this phenomenon?

• A)Restrictions on advertising enable established physicians to keep new,entering physicians from competing for their customers.
• B)Fees charged by physicians are fixed by the government.
• C)Consumers are able to obtain complete information about fees or professional qualities of the physicians.
• D)Restrictions on physicians' freedom to relocate within certain geographic boundaries have led to price fixing within the medical profession.
• E)The demand for physicians' services has steadily declined over the past three decades.

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Definitions:

Gorillas

Large primates native to African forests, known for their complex social structures and intelligence.

Tarsiers

Small, nocturnal primates with large eyes and very long hind limbs, native to Southeast Asia, known for their ability to make remarkable vertical leaps.

Suborder

A rank in the biological classification that is below order and above family, used in the classification of animals and plants.

Supraorbital Ridges

Bony ridges located above the eye sockets of many vertebrates, which can serve as sites for muscle attachment and protection for the eyes.