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Mairoon Mairoon
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6 years ago
After Hurricane Katrina, there was considerable public outrage that many of the properties were not insured against flooding although they were insured against wind damage. What might explain these different approaches to insurance?
A) The risk of wind damage is potentially diversifiable but the risk of flooding is not.
B) The risk of flood damage is potentially diversifiable but the risk of wind damage is not.
C) Predatory insurance policies.
D) Neither the risk of wind damage or the risk of flooding is diversifiable.
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Microeconomics

Microeconomics


Edition: 6th
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LBCeaLBCea
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6 years ago
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Mairoon Author
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6 years ago
You make an excellent tutor!
Marcie D
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Yesterday
Thank you, thank you, thank you!
loki1345
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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