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Let the demand curve for an individual be xm = 30 pm. Suppose all doctors charge $10 per unit of care consumed. Let there be
Let the demand curve for an individual be xm = 30 pm. Suppose all doctors charge $10 per unit of care consumed. Let there be a deductible of $100 and a stop loss of $200. Let the coinsurance rate be 0.5. What is the effect of such insurance on the demand for medical care?
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