Final answer:
We cannot determine if Mark is willing to pay $8,000 for insurance without more information.
Step-by-step explanation:
In this case, the student is not asking about adverse selection, but rather if Mark is willing to pay $8,000 for insurance. The question does not provide enough information to answer with certainty. There could be various factors that influence Mark's decision to pay that amount. It would be helpful to know his income, the value of the insured item or risk, and other insurance options available to him. Without that information, we cannot determine if Mark is willing to pay $8,000 for insurance.