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How do HMOs act as an intermediary in the healthcare market?
Interest Payments
The amount paid by a borrower to a lender as compensation for the use of borrowed funds, usually calculated as a percentage of the principal amount.
Opportunity Cost
The cost of forgoing the next best alternative when making a decision, representing the benefits that could have been received but were given up.
Explicit Cost
Direct, out-of-pocket payments for resources employed in the production of goods or services.
Marginal Cost
The additional cost incurred by producing and selling one more unit.
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