I’ve written favorably about reference pricing in the past, but that does not mean it’s without limitations. I go over some of them in my new AcademyHealth post.
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AcademyHealth: Reference pricing, what could possibly go wrong?
01/27/2015
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Summary
Excerpt: Economic profit
Excerpt: Diminishing marginal utility
Excerpt: Four factors of production
Excerpt: Monopoly marginal revenue
Excerpt: Consumer/producer surplus
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