Why do economists tend to reject the concept of need
Why do economists tend to reject the concept of need as the sole determinant of use in favor of the concept of the demand for medical care? How has the lack of information affected the structure of the medical care market?
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List and explain the four major motives financial theorists have attributed to the extension of trade credit.
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Kate owns all the stock in Warbler Corporation. Kate has a basis of $25,000 in the Warbler stock, which currently has a fair market value of $150,000. Warbler is merged into Wren Corporation.
Why do economists tend to reject the concept of need as the sole determinant of use in favor of the concept of the demand for medical care?
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Assume the sale of human organs is legalized and a free market develops. Furthermore, assume the market is in equilibrium. Trace through the price and output effects of the following.
Now suppose that there are three candidates but one of them is non-strategic and takes a fi xed position located at 50. For the two strategic candidates, do the position choices in (i) still constitute a Nash equilibrium?
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