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Hey I need this for nooootes ! Thank you! Suppose that the Long-Life Health Insurance Firm charges $5,000 annually for a family insurance policy. An

Hey I need this for nooootes ! Thank you!

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Suppose that the Long-Life Health Insurance Firm charges $5,000 annually for a family insurance policy. An advisor suggests that the company raise the annual price to $6,000 to increase its profits. If the firm followed this suggestion, what economic problem might arise? Would the firm's pool of customers tend to become more or less healthy on average? Would the company's profit necessarily increase? (10 pts; min 150 words)

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