Why does price discrimination result in greater physician incomes than a single price to everyone?

Chapter 15: Market for Physician Manpower (***** APA Format with References*****)

1. Why does price discrimination result in greater physician incomes than a single price to everyone?

2. What are the necessary conditions for price discrimination? How well have the conditions for price discrimination been satisfied in the case of surgeons? In the case of primary care physicians?

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3. What sanctions were available to county medical societies to prevent price competition?

4. What types of health insurance plans were favored by organized medicine? Why?

 

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