Discuss the three forms of market failure, Macroeconomics

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Discuss the three forms of market failure

Problem

A. What are the conditions that must be met in order for the market for insurance to perform efficiently?

B. Discuss the three forms of market failure.

C. Explain why individual or small-group insurance tends to be more expensive than large-group insurance.

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Macroeconomics: Discuss the three forms of market failure

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Macroeconomics: Discuss the three forms of market failure

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