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1. Assume that a healthcare insurance company offers three policies P1, P2, P3, where P3 is the most comprehensive. A savvy consumer feels overwhelmed after
1.Assume that a healthcare insurance company offers three policies P1, P2, P3, where P3 is the most comprehensive. A savvy consumer feels overwhelmed after reading all the fine print. Given that you are now familiar with optimal price discrimination (say the iPhone), could you point outthe usual pros and cons of choosing one policy or the other?
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