This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is an insurance premium?[br][br][b][color=#165FFA]Question 2[/color][/b][br][br]Ronald Coase ... (Read 82 times)

jon_i

  • Hero Member
  • *****
  • Posts: 549
on: Jun 30, 2018
What is an insurance premium?

Question 2

Ronald Coase argued that firms exist due to the presence of
 A) transfer costs.
  B) unions.
  C) transactions costs.
  D) easy market transactions.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

yifu223

  • Sr. Member
  • ****
  • Posts: 302
Reply #1 on: Jun 30, 2018
Answer to Question 1

An insurance premium is the price paid by an individual to sell the risk to the insurer, covering its payout if the disaster happens.

Answer to Question 2

C


jon_i

  • Member
  • Posts: 549
Reply 2 on: Jun 30, 2018
Wow, this really help

lcapri7

  • Member
  • Posts: 350
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Malignant melanoma. This photograph demonstrates the highly characteristic color of this tumor. Malignant melanoma. This photograph demonstrates the highly characteristic color of this tumor.
The human hypothalamus (in color) in relation to the optic chiasm and the pituitary gland. The human hypothalamus (in color) in relation to the optic chiasm and the pituitary gland.
Midpoint Question Midpoint Question
economic question economic question
economic question economic question
Light Blue Eye Color Light Blue Eye Color
Video: Renin/Angiotensin (water gain from urine & Na ion and water reabsorption)

For a complete list of videos, visit our video library