c. Suppose the industry offers any level of x at price p 5 MC1 . Illustrate on

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c. Suppose the industry offers any level of x at price p 5 MC1

. Illustrate on your graph the consumer surplus that type 1 individuals will get if this were the only way to buy insurance and they buy their optimal policy A. How much consumer surplus will type 2 individuals get?

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Microeconomics An Intuitive Approach With Calculus

ISBN: 9781337335652,9781337027632

2nd Edition

Authors: Thomas Nechyba

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Question Posted: Nov 06, 2024 05:00 AM

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c. Suppose the industry offers any level of x at price p 5 MC1 . Illustrate on

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Microeconomics An Intuitive Approach With Calculus

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