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Author Question: What is an insurance premium?[br][br][b][color=#165FFA]Question 2[/color][/b][br][br]Ronald Coase ... (Read 72 times)

jon_i

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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

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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

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

elyse44

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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