« previous next »

Author Question: Adverse selection in insurance requires that a. potential customers face different levels risk b. ... (Read 66 times)

deesands

  • Hero Member
  • *****
  • Posts: 514
on: Jul 1, 2018
Adverse selection in insurance requires that
 a. potential customers face different levels risk
  b. potential customers facing more risk are no more interested in purchasing insurance
  c. people are not risk averse
  d. insurers can tell higher risk people from lower risk people

Question 2

The deadweight loss from a monopoly refers to:
 a. the portion of a monopolist's profits that are above the competitive profit level.
  b. the increase in price due to the monopolization of a market.
  c. the inefficient use of factors of production by a monopoly.
  d. the loss of consumer surplus due to the monopolization of a market that is not transferred to another economic actor.


anoriega3

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 1, 2018
Answer to Question 1

a

Answer to Question 2

d


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Medication errors are three times higher among children and infants than with adults.

These species are all at risk of extinction. These species are all at risk of extinction.
Muscles of the head, neck, and face. Muscles of the head, neck, and face.
Membrane potential of a cell permeable to potassium only. Membrane potential of a cell permeable to potassium only.
A) Butterfly-shaped lupus rash. Lupus is the Latin word for wolf; the face rash was thought to look ... A) Butterfly-shaped lupus rash. Lupus is the Latin word for wolf; the face rash was thought to look ...
The clonal selection theory of the adaptive immune response The clonal selection theory of the adaptive immune response
Predicted polypeptide sequences translated from potential ORFs in the human TUBA3C gene Predicted polypeptide sequences translated from potential ORFs in the human TUBA3C gene
Video: Allergic Rhinitis

For a complete list of videos, visit our video library