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Attached is the question Me! to the reading by EM and Finkelstein: Adverse Selection: Theory and Err-wide; In cures. Take the use in which all

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Attached is the question

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Me! to the reading by EM and Finkelstein: \"Adverse Selection: Theory and Err-wide; In \"cures.\" Take the use in which all individuals are risk averse and where marginal costs slope down. Why might it be optimal [50:53"? efcient} for mince take-up tn be less than 100%

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