2. [20 Points] List the conditions under which the market mechanism works well. (5) What criterion do we commonly use to judge this? Explain what the criterion means. (4) Do you think the market for healthcare insurance meets the conditions for a well functioning market? Why or why not? (5) What might happen (give concrete examples, either related to healthcare or to other industries) if the particular conditions for a well- functioning market are not satisfied? (6)