Author Question: Medical histories used by insurance firms allow them to A) identify high-risk people, so they can ... (Read 53 times)

strangeaffliction · **on:** Jul 1, 2018

Medical histories used by insurance firms allow them to

A) identify high-risk people, so they can be denied insurance and premiums kept down for low risk people.
B) increase the number of policies issued, raising premiums as a result.
C) increase the number of policies issued, lowering premiums as a result.
D) lower the number of policies issued, raising premiums.
E) increase market power in the insurance industry, raising premiums.

Question 2

If both players in a game have dominant strategies, we say that the game has:

A) a constant sum.
B) a nonconstant sum.
C) independence of irrelevant alternatives.
D) an equilibrium in dominant strategies.