1. How would I go about solving number 3 iii? I missed the class on this topic and am trying to catch up. Ill post the question here just in case: Suppose that there are eight patients with expected health expenses
2. ranging from $0.25k to $2k per year with a uniform distribution. Hence, the average health expense is $1.125k. Will an insurance market for these patients exist or unravel? If it exists, how many patients will buy health insurance?