Mha 711 exam 3 - Study guides, Class notes & Summaries

MHA 711 EXAM 3 - Healthcare Economics Questions with correct answers. 2. If the market were perfectly competitive instead of dominated by a monopsonist, what would the equilibrium wage and level of employment be? a. W1 and E1 b. W2 and E0 c. W0 and E0 d. W0 and E1 e. W0 and E2 -Answer-a. W1 and E1 A classification system for physicians' services, using a weighting scheme that reflects the relative value of the various services performed. Developed for Medicare by a group of Harvard res...