Chapter 24: Problem 3
A patient named Jen visits Dr. Jan. Dr. Jan is nearly certain that Jen only has a cold. But because Dr. Jan is afraid of malpractice lawsuits, she orders an extensive battery of tests just to make sure that Jen can never claim - if she turns out to have something more severe- that Dr. Jan shirked her duties as a medical professional. Dr. Jan's behavior is an example of: a. Asymmetric information. b. Fee-for-service. c. Defensive medicine. d. Positive externalities.
Short Answer
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Key Concepts
These are the key concepts you need to understand to accurately answer the question.