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zar zar
wrote...
Posts: 458
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4 years ago
One consequence of imperfect information in the health insurance market is that:

▸ unhealthy individuals are denied health insurance.

▸ less healthy individuals are more likely to buy insurance, driving up the cost of insurance for everyone.

▸ health insurance increases the demand for health care and so increases the price of health care.

▸ the most healthy individuals are more likely to buy insurance, leaving the least healthy without access to health care.
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
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jrhome1985!jrhome1985!
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Posts: 375
4 years ago
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zar Author
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Good timing, thanks!
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Just got PERFECT on my quiz
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Thanks
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