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Author Question: An individual will never buy complete insurance if: a. he or she is risk averse. b. insurance ... (Read 111 times)

WhattoUnderstand

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  • Posts: 517
on: Jul 1, 2018
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


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olderstudent

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Reply #1 on: Jul 1, 2018
Answer to Question 1

c

Answer to Question 2

a


WhattoUnderstand

  • Member
  • Posts: 517
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

shailee

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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