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If there is no externality, use a diagram to explain the efficiency loss due to the insurance price subsidy.

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If there is no externality, use a diagram to explain the efficiency loss due to the insurance price subsidy.

If there is no externality, use a diagram to explain the efficiency loss due to the insurance price subsidy.
If there is no externality, use a diagram to explain the efficiency loss due to the insurance price subsidy.

 

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