Q1:Suppose that BUPA charges 2,000 annually for a family insurance policy. The company's director suggests that the

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Q1:Suppose that BUPA charges 2,000 annually for a family insurance policy. The company's director suggests that the company raise the annual price to 3,000 in order to increase profits. What might be the economic problem with this suggestion? Would the company's profits necessarily increase?

Q2:Explain what screening is, and provide three examples.