Economists claim that there have been and/are several causes of economic inefficiency in medical care. List three basic causes, and for each describe why it results in economic inefficiency and poor performance in medical markets.

1. Economists claim that there have been and/are several causes of economic inefficiency in medical care. List three basic causes, and for each describe why it results in economic inefficiency and poor performance in medical markets.
2.The following factors (and several others) affect the supply of medical care: A. The price of medical care, B. The prices of inputs, and C. Technological or scientific knowledge. Explain how an increase in each of the above, while the effect of the other two is held constant, will cause changes in supply curve of medical care.