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OB/GYN physicians always face the highest malpractice insurance premium. Why? Does it just come from the higher risk of OB/GYN medical treatments or any additional factor? Please describe your answer with insights.
Microeconomics, Economics
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Question - Let demand be given by QD = 8 - 2P; let supply be given by QS = 2P. A tax of $2 per unit is imposed on consumer, what is the new equilibrium price [the price paid by the consumer]?
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