1. Assume that the insurer can NOT distinguish between the two types of consumers, and can offer only one policy (the same policy to everyone). What will be the breakeven policy premium IF everyone buys the policy? With such a premium, will everyone actually buy the policy? Over long run, what will be the equilibrium policy premium in the market and who will get insurance? a particular type of illness costs about $50000 to treat, and an insurer considers offering a policy covering only the treatment of that illness. assuming that the insurer can NOT distinguish between the two types of consumers, and can offer only one policy (the same policy to everyone). However, a recent technology advancement has lowered the actual cost of the treatment from 50000 to 45000. How does this change the market outcome you found in Question 1? (Hint: follow the exact same analysis you did in the first question.) What if the cost is now further lowered to 30000