An individual will never buy complete insurance if: a. he or she ...

[WhattoUnderstand]

An individual will never buy complete insurance if:
 a. he or she is risk averse.
  b. insurance premiums are unfair.
  c. he or she is a risk taker.
  d. insurance premiums are fair.

Question 2

The largest problem faced in cartel pricing agreements such as OPEC is:
 a. detecting violations of quota barriers by cartel participants
  b. arriving at a profit maximizing price
  c. attracting participants in the cartel
  d. none of the above

[olderstudent]

Answer to Question 1

c

Answer to Question 2

a

[WhattoUnderstand]

Great answer, keep it coming

[komodo7]

Thanks for the timely response, appreciate it