What will happen to insurance market after this is developed

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Reference no: EM133786920

Question

Assume that there are two types of people: Type A's who are more likely to get a disease, and Type B's who are less likely to get a disease.

Assume a widely available inexpensive test is developed that determines with certainty whether an individual will get sick or not. What will happen to the insurance market after this is developed? Who will benefit from this development?

Reference no: EM133786920

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