In a market system, buyers and sellers collectively decide what will be produced, and those items are then distributed to people who are willing to pay for them.

Which of the following are pros and/or cons of using a market system to produce and distribute health care. (Check all that apply. )

A. A dictator decides which medical devices and services will be used.

B. Medical devices and services are given only to those who are willing and able to payMedical devices and services are given only to those who are willing and able to paynbsp for them. for them.

C. The benevolent social planner decides which medical devices and services will be used.

D. Hospitals and doctors must satisfy comma at least to some extent comma the tastes of buyersHospitals and doctors must satisfy, at least to some extent, the tastes of buyers.

Question

Business

Trevor

16 July, 09:00

In a market system, buyers and sellers collectively decide what will be produced, and those items are then distributed to people who are willing to pay for them.

Which of the following are pros and/or cons of using a market system to produce and distribute health care. (Check all that apply. )

A. A dictator decides which medical devices and services will be used.

B. Medical devices and services are given only to those who are willing and able to payMedical devices and services are given only to those who are willing and able to paynbsp for them. for them.

C. The benevolent social planner decides which medical devices and services will be used.

D. Hospitals and doctors must satisfy comma at least to some extent comma the tastes of buyersHospitals and doctors must satisfy, at least to some extent, the tastes of buyers.

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Answers (1)

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Trevin Taylor · Answer 1

In a market system, buyers and sellers collectively decide what will be produced, and those items are then distributed to people who are willing to pay for them. The following are pros and/or cons of using a market system to produce and distribute health care.

B) Medical devices and services are given only to those who are willing and able to pay. Medical devices and services are given only to those who are willing and able to pay for them.

D) Hospitals and doctors must satisfy, at least to some extent, the tastes of buyers. Hospitals and doctors must satisfy, at least to some extent, the tastes of buyers.

Explanation:

A group of buyer, sellers and the other persons who are involved in the distribution of these things contributes to a market system. The strength of any market system wholly depends on the ability of the buyers and sellers and other participants in getting finance, new products launching and new policy and technology adoption.

A market system in which the buyers and sellers together make decision about the products to be produced and selling to those persons who likes to pay for it has many pros and cons. A patient must be treated properly in the way that he must be cured. Doctors provide their services only to the person who comes to them and pay them fro their services.