LSUS MHA 710 Healthcare Economics Exam 3 with Questions and Answers

LSUS MHA 710 Healthcare Economics Exam 3 with Questions and Answers In order to be a successful price discriminator, a provider must have a degree of market power (depicted by a downward-sloping demand curve) and meet what other condition(s)? a. Customers cannot know that different prices are being charged. b. Markets must be segmentable, identifying differences in ability to pay. c. Demand for services must be relatively price elastic. d. Profitable service expansion opportunities must be limited. e. The provider must have excess capacity to accommodate the extra business. ANSWER b. Markets must be segmentable, identifying differences in ability to pay. Legislation considered by Congress to restrict legal immigration would: a. surprise many policymakers because Congress finds it difficult to agree on much of anything regarding immigration. b. improve employment prospects for native-born Americans. c. have little effect on medical markets, as so few physicians practicing medicine in the United States are foreigners. d. raise the costs of operating in many of the nation's rural and inner-city hospitals. e. allow more Americans trained abroad to compete for openings in United States' residency programs. ANSWER d. raise the costs of operating in many of the nation's rural and inner-city hospitals.