someone could please answer a 7-11 give clear answers and then provide a thorough explanation as to why that is correct! Thank you!

ECN 4o1o - Health Economics PRGBIEM SET 4 pr. In competitive long-run equilibrium insurance premiums reflect the: a. monopoly power of insurers. b. probabilityr of the event occurring. multiplied by the expected loss. c. amount that the employer negotiates. d. amount mandated by the government. 8. Moral hazard refers to: a. illegal behavior by insurers. is. illegal behavior by consumers. c. behavior that occurs solely because of the contractual insurance arrangement. d. consumers' choosing particular plans based on their health statuses. 9. More] hazard 1with respect to insurance refers to: a. the insured person buying prescription shampoo because it is covered. b. the insured person not using preventive care, because hefshe is insured against illness. e. the insured person getting their teeth whitened because it is covered. d. All three refer to moral hazard. to. If the probabilityr of the insurable event is 0.2, and the insurer's loading costs are 1296 of the policy value, then in a competitive insurance market, each dollar of insurance will cost: a. $o.1o. b. $o.2o. o. $13.26. d. $o.32. 11. In the gure below. suppose that Qu = 10 visits, Q. = 20 visits. Pa = m. and P1 = 2. The increased expenditures due to insurance are: Demure Dened 2w. a. $50. b. $1oo. e. $coo. it. sees