BS). The health insurance company IYOU is worried: it thinks half of its holders of basic health cover are healthy and t individuals but by the volume of claims lodged last year it looks like the other half are seriously unhealthy 'lemon customers'. IYOU sells its basic health cover for $4,000 to everyone. Since healthy policy holders never claim they cost nothing to serve and generate $4000 prot yearly, but lemon policy holders on average cost the rm $10,000 each. The problem is IYOU cannot distinguish between healthy and lemon customers. {i}. what is the term describing the type of market failure IYOU is dealing with? (ii). how protable is an average customer for IYOU? (iii). what is the minimum premium IYOU should charge for its basic cover to break even? (iv). will such a premium [or higher premiums) resolve the market failure problem? why or why not