Consider a market for elbow surgery

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Consider a market for elbow surgery where no one in the market has insurance. Let the demand curve for elbow surgery be P=2000-4Q. Let the supply curve be P=1000+Q. Assume everyone in the market buys an insurance policy that pays for 75% of any elbow surgery. What is the deadweight loss that results from the provision of insurance?

Reference no: EM131392082

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