The Susan Chocolate Company designs what it considers to be a good product, calculates the expense of making the product, and sets a price that adds a standard markup to the cost of the product. This approach to pricing is called .

Acompetitive market in healthcare would a. overprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers b. underprovide healthcare because it would eliminate medicare and medicaid c. underprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers d. overprovide healthcare because it would be similar to the approach used in canada