[Answered] What is an insurance premium?[br][br][b][color=#165FFA]Question 2[/color][/b][br][br]Ronald Coase ...

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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.

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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

Excellent

aruss1303

Member
Posts: 314

Reply 3 on: Yesterday

Thanks for the timely response, appreciate it

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