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Its crap
Tuesday, November 11, 2008 ( 5:36 PM )
This is so crap.
Imperfect information is also known as asymmetric information which is something I have never seen before.
Eg. A doctor may charge less than another but the quality of service may be very different. Furthermore, since doctors know more information than the patients, decisions lie largely in the hands of the doctors. Doctors may raise the price and demand for medical test that may not be appropriate. Therein lay the problem of imperfect information. Due to high medical costs in this imperfect market, a lot of people cannot afford to be treated, hence underconsumption of healthcare services; hence healthcare services are seen as a source of market failure.
In another words, A is not within reach anymore... And this is the most badly done paper so far and I know it myself that maybe a B is not possible too. I am so worried for economics paper.
Someone(a girl) gave me an advice on something and I am still wondering if I should really listen to it. What she said certainly made sense, but I still dont know...
That's what I all I wish for on that day. I really do hope its going to come true.
the story ends like this;
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