5. The empirical finding that "markets with more medical specialists per capita spend more on specialized medical treatments" proves that suppliers have the ability to induce demand. T F 6. Insurance claims data contains detailed information on patients' clinical diagnosis and treatment outcomes. T F 7. A potential benefit of third party disclosure of provider quality is to incentivize providers to improve quality. TF 8. Provider quality is worse than expected if the observed mortality rate is lower than the estimated mortality rate. T F

5. The empirical finding that "markets with more medical specialists per capita spend more on specialized medical treatments" proves that suppliers have the ability to induce demand. T F 6. Insurance claims data contains detailed information on patients' clinical diagnosis and treatment outcomes. T F 7. A potential benefit of third party disclosure of provider quality is to incentivize providers to improve quality. TF 8. Provider quality is worse than expected if the observed mortality rate is lower than the estimated mortality rate. T F

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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