Show how the model and diagram must be modified

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Question: The analysis surrounding Figure assumes that a person receiving government health insurance is not allowed to purchase supplemental private insurance. Show how the diagram must be modified if, to the contrary, individuals can purchase additional health insurance coverage. Another assumption behind the model is that government health insurance is "free" in the sense that individuals do not pay any taxes for it. Show how the model must be modified if government health insurance is financed by Taxes

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Reference no: EM131499979

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