Large multinationals are not constrained by market forces because they can exert considerable influence on governments through lobbying

The more innovative a new product is, the more quickly it will spread throughout a population

Indicate whether the statement is true or false

XYZ Insurance Company expects $500,000 in claims and loss adjustment expenses for each 1,000 properties that it insures in a certain category of business insurance. What pure premium should XYZ charge for each property insured?

A) $69.99 B) $166.67 C) $350.00 D) $500.00