Imagine a graph with the following: X-axis: Percentage of population insured (Q) - This reflects the number of people who choose to buy health insurance, expressed as a proportion of the total population (e.g., 50% = half the population is insured). Y-axis: Price of health insurance (P) Curves: MC: This is the marginal cost curve, representing the additional cost to insurance companies of providing health insurance to one more person. AC: This is the average cost curve, which coincides with the MC curve in this case due to the assumption of no fixed costs. (Here, the average cost reflects the average healthcare costs of the insured population.) D: This is the demand curve for health insurance, reflecting the willingness-to-pay of different residents in New York State. People with higher expected healthcare costs are generally willing to pay more for insurance