When an industry matures, profits drop.

When buying media, there is always a tradeoff between ________

Fill in the blank(s) with the appropriate word(s).

Frank's property insurance requires periodic reporting of inventory values. Frank believes he can save money by under-reporting the inventory

Last period, Frank reported $200,000 when the value was really $400,000. Shortly after filing the report, when the value was $500,000, the inventory was destroyed. Ignoring any deductible, how much will Frank's insurer pay? A) nothing, as underreporting voids coverage B) $200,000 C) $250,000 D) $400,000