Solved: 1 what question is the rand health insurance experiment, Microeconomics

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1 what question is the rand health insurance experiment

1. What question is the RAND health insurance experiment designed to answer?

2. What are the two most important findings of the RAND study?

3. What is the flaw in the previous studies in the literature that the RAND study was trying to address?

4. What is the price elasticity of demand for medical care according to the RAND study?

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