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lmalma lmalma
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Posts: 491
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5 years ago

A bill pending before the Legislature in the tiny island nation of WooHoo would prohibit private companies from selling canoe insurance and make the state the single payer of claims for canoe accidents. Private insurance companies that have made above normal profits have spent large sums of money trying to prevent the legislature from passing this bill into law. This is an example of



▸ government failure.

▸ collusion.

▸ an externality.

▸ rent-seeking behavior.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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Lori734Lori734
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5 years ago
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lmalma Author
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5 years ago
Thanks for your help!!
my2redeyes
wrote...

Yesterday
Thank you, thank you, thank you!
mikey3091
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2 hours ago
Good timing, thanks!
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