A patient has a choice of spending 33000 on a procedure in


A patient has a choice of spending $ 33,000 on a procedure in Hospital XXX or $24,000 on the same procedure in Hospital YYY. She is observed checking into Hospital YYY. Does this mean the consumer prefers Hospital YYY? Explain your answer

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Business Economics: A patient has a choice of spending 33000 on a procedure in
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