The idea of risk aversion
A) is at odds with the idea of insurance.
B) help explain the profitability of insurance companies.
C) has nothing to do with insurance companies.
D) help explain the losses suffers by the insurance industry.
E) help explain why insurance companies in the long run are zero profit companies.
B
Economics
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The Bretton Woods system lasted from
A) 1801 to 1861. B) 1863 to 1914. C) 1945 to 1971. D) 1981 to 1993.
Economics
A firm is likely to cheat on a cartel when:
a. the amount of sales is small, but each sale has a high value. b. the amount of sales is large, but each sale has a low value. c. the demand for output is consistent throughout the year. d. the production costs are identical for all the firms.
Economics