What would be the effect of having no health insurance available?
A) The quantity of health care would be set where the marginal benefit and marginal cost are equal.
B) Excess demand for health care would be the result because the quantity supplied would be at a level where the marginal benefit exceeds the marginal cost.
C) Excess supply for health care would be the result because the quantity supplied would be at a level where the marginal benefit would be below the marginal cost.
D) The quantity of health care would be at an inefficient level.
Correct Answer:
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