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Now, assume that the regulator implements a mandate that requires everybody to buy insurance in the market. Assume the mandate is completely effective, and that

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Now, assume that the regulator implements a mandate that requires everybody to buy insurance in the market. Assume the mandate is completely effective, and that everyone gets insurance. What is the welfare impact of this mandate? Is it larger or smaller in absolute value (magnitude) than the welfare loss from adverse selection calculated in 2? Is it negative or positive

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