Question

Consider a firm with a given-sized production facility. a. Explain what would happen to those cost...

Consider a firm with a given-sized production facility.

a. Explain what would happen to those cost curves if a mandatory health insurance program were imposed on all firms.

b. Explain what would happen if the plan requires a firm to provide a health insurance program for each employee worth 10 percent of the employee's salary.

c. How would that plan compare to one that requires each firm to provide a $100,000 group insurance program that would cover all employees in the firm no matter the number of employees?

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