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Author Question: Cost-reduction generates a. Increases in long-run profitability b. Increases in long-run ... (Read 89 times)

fox

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on: Jul 1, 2018
Cost-reduction generates
 a. Increases in long-run profitability
 b. Increases in long-run profitability only if the cost reduction is difficult to imitate
  c. Decreases in long run profitability
 d. No change in profitability

Question 2

One of the solutions to the adverse selection problem in insurance is
 a. Is to require that only the high risk individuals to buy insurance
  b. Is to require that only the low risk individuals buy insurance
  c. Is to require everyone to buy insurance
 d. Is to completely ban insurance companies


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Viet Thy

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

b

Answer to Question 2

c


fox

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

nanny

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Reply 3 on: Yesterday
Wow, this really help

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