licensure of physicians means that to some extent, Microeconomics

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licensure of physicians means that to some extent

Licensure of physicians means that to some extent, the supply of physicians can be viewed as a vertical line. Explain what this means for the price of physician services. How might this change over time? (Consider reimbursement, physician supply and substitution)

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Microeconomics: licensure of physicians means that to some extent

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Microeconomics: licensure of physicians means that to some extent

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