Why do insurance companies have to charge such a high premium, which limits the number of consumers that can afford their services? a) Sellers of insurance have access to more information than buyers of insurance b) Buyers of insurance have more information than sellers of insurance c) There are too many regulations in insurance markets d) They are affected by positive externalities from other markets
Why do insurance companies have to charge such a high premium, which limits the number of consumers that can afford their services? a) Sellers of insurance have access to more information than buyers of insurance b) Buyers of insurance have more information than sellers of insurance c) There are too many regulations in insurance markets d) They are affected by positive externalities from other markets
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter22: Frontiers Of Microeconomics
Section: Chapter Questions
Problem 4PA
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Why do insurance companies have to charge such a high premium, which limits the number of consumers that can afford their services?
a) Sellers of insurance have access to more information than buyers of insurance |
||
b) Buyers of insurance have more information than sellers of insurance |
||
c) There are too many regulations in insurance markets |
||
d) They are affected by positive externalities from other markets |
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