Answer the following questions.
a. Some health analysts believe that physicians try to increase their income by inducing demand for their services. For example, physicians may order unnecessary tests and treatments. Why would patients willingly accept these additional tests and treatments?
b. If physicians did not need a license to practice medicine, what market institutions would help mitigate the lemons problem?
c. How does the Internet, which makes freely available all sorts of information about diseases and their treatments, affect the physician-patient relationship?

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The Answer of Answer the following questions.
a. Some health analysts believe that physicians try to increase their income by inducing demand for their services. For example, physicians may order unnecessary tests and treatments. Why would patients willingly accept these additional tests and treatments?
b. If physicians did not need a license to practice medicine, what market institutions would help mitigate the lemons problem?
c. How does the Internet, which makes freely available all sorts of information about diseases and their treatments, affect the physician-patient relationship?

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