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Which of the following statements about the numbers of buyers and sellers in the insurance market is ...

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Which of the following statements about the numbers of buyers and sellers in the insurance market is ...

Which of the following statements about the numbers of buyers and sellers in the insurance market is correct?
A) The market share of the four largest sellers is bigger than those found in other industries, which are considered competitive.
B) The insurance market has a sufficient numbers of buyers, but not a sufficient number of sellers.
C) The insurance market has a sufficient numbers of sellers, but not a sufficient number of buyers.
D) The market share of the four largest sellers is comparable to those found in other industries, which are considered competitive.

Textbook

Introduction to Risk Management and Insurance

Edition: 10^th

Authors: Dorfman, Cather

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