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Which of the following is an implication of laurance manta with asy metric information compared to the outcome If here was perfect Information? All agents
Which of the following is an implication of laurance manta with asy metric information compared to the outcome If here was perfect Information? All agents who want insurance can afford it and the cura information allow them to put downward pressure on insurance premiums Surplus is transferred from the Insurance company to the contimart Some segment of the population that would other rance, and whoin the insurance company would want to leave, are priced out of the market. There is insuficienty low Level of Insurancel There is no impact because al agents bane thete behavior on expected outcomes. Agents who want insurance soll get it oily they have to pay a higher price for if Consumer surplus gets inmalemed to the Insurance company QUESTION 6 Which of the following features of the health insurance market is designed to help firms deal with adverse selection? a insurance companies collect extensive in'oration on potential customers' medical needs, such as medical histories, family Noalth histories, Mestye choices, and pre- "existing condoone. O muraince complies requrie copays and deductibles if health care is needed. O insurance companies provide froo proventitive health care measures O Al of theis help to deal win adverse selection
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