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example of a monopsony market? (7 points) 3. Which do you expect to be more elastic, the demand for hospital care in general or the

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example of a monopsony market? (7 points) 3. Which do you expect to be more elastic, the demand for hospital care in general or the demand for hospital care at a specific hospital? Explain in your own words. (7 points) 4. Adverse Selection Questions a. Sketch a graph of what the insurance market equilibrium looks like if health status is

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