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If the original price of medical care (with no insurance) equal $1,000, the quantity demanded = 10. If insurance (Policy X) is provided, out of pocket drops to $400. Also the quantity of medical care that will be demanded rises to 40. What is the coinsurance rate (or share of the policyholder)?

a. 10%

b. 20%

c. 30%

d. 40%

none of the above

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92049988

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