Given that demand for medical services is given by equation P= 250 50Q. The marginal costs for medical services are 25. The marginal external benefits of visiting a doctor are 12.5. Which of the...

Extracted text: Given that demand for medical services is given by equation P= 250 50Q. The marginal costs for medical services are 25. The marginal external benefits of visiting a doctor are 12.5. Which of the following statements is correct: SELECT THE CORRECT ANSWER Full insurance with 200 deductible will result in the social optimum quantity to be consumed Full insurance is more efficient than no insurance A co-insurance rate of 50% would increase efficiency, but will not result in the social optimum quantity to be consumed A co-payment of 15 is less efficient than a co-insurance rate of 50%