Assume that health insurance is private in a country, and the market for insurance is competitive. The figure below shows the marginal benefit and willingness and ability to pay curve. 12 10 Premium (thousands of dollars per year) a 2 D = MB O 10 20 30 40 50 Quantity (millions of families insured) Suppose that the marginal social benefit of insurance exceeds the willingness and ability to pay by a constant $2,000 per family per year. Suppose the marginal cost of health insurance is a constant $8,000 a year. If the government decides to provide public health insurance, how much will taxpayers have to pay? $80 billion. O $80 million. $160 billion. $160 million. Q Search LOCALSuppose that the marginal social benefit of insurance exceeds the willingness and ability to pay by a constant $2,000 per family per year. Suppose the marginal cost of health insurance is a constant $8,000 a year. What is the efficient quantity of health insurance policies? O 40 million. O 30 million. @ 20 million. 0 10 million. Question 3 (4 points) Saved Assume that health insurance is private in a country, and the market for insurance is competitive. The figure below shows the marginal benefit and willingness and ability to pay curve. IN.) 0 Premium [thousands of dollars per year) 0 10 20 30 40 50 Quantity [millions of families insured)