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(e) The State Iegislamre considered allowing another insurance company to enter the market. Regulation still mandated that any insurer must charge all 1ts customers the

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(e) The State Iegislamre considered allowing another insurance company to enter the market. Regulation still mandated that any insurer must charge all 1ts customers the same price for _ insurance Each insurance company would decide 1tS own price and customers could choose to purchase from either insurance company (or neither). If both Insurance companies charged the same price, they would evenly split the market of customers who were willing to buy insurance. What do you think the prices charged by each insurance company would be? Justify your

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