Of the approaches to record cash discounts related to accounts receivable, which is more theoretically correct? a. gross approach. b. net approach. c. allowance approach. d. all three approaches are theoretically correct.

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