Problem
1. Give an example of technological innovation in the health-care industry.
2. If adverse selection is a problem, does allowing an insurance company to know your entire health history improve market efficiency?
3. What type of inefficiencies does the commitment problem of a hospital create? Why don't restaurants have this same problem?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.