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A "pure risk" is defined as a situation where there is the possibility:

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A "pure risk" is defined as a situation where there is the possibility:

A "pure risk" is defined as a situation where there is the possibility:
A) of loss or no change
B) of profit or no change
C) of profit or loss
D) that actual losses will deviate from expected losses

Textbook

Introduction to Risk Management and Insurance

Edition: 10^th

Authors: Dorfman, Cather

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