4. Under the Affordable Care Act (ACA), there is a provision that prohibits pricing insurance based on pre-existing conditions. a. (4 points) Using the terms discussed in class, why is the inability to price on pre-existing conditions important for market efficiency? b. (3 points) Who subsidizes who with an individual mandate in the health insurance market? 5. (3 points) What would adverse selection in life insurance look like? Please give an example. 6. (3 points) What would moral hazard in life insurance look like? Please give an example