What conditions, a single-payer system can lower the price, Microeconomics

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What conditions, a single-payer system can lower the price

Problem

i. Use a supply and demand graph to illustrate and explain whether the price and quantity of market-clearing medical care are higher or lower under a single-payer system compared with those in a perfect competitive market.

ii. Under what conditions, a single-payer system can lower the price of medical care, and at the same, does not decrease the amount of medical care provided compared with the amount in a perfect competitive market.

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