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Mairoon Mairoon
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6 years ago
Suppose a blackjack gambler approaches an insurance company and seeks to purchase an insurance policy that his next trip to Reno, NV will not net $10,000. The insurance company
A) will sell her an insurance policy because the proposal entails uncertainty not risk.
B) will sell her an insurance policy because the proposal entails risk not uncertainty.
C) will not sell her an insurance policy because the proposal entails uncertainty not risk.
D) will not sell her an insurance policy because the proposal entails risk not uncertainty.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
Read 307 times
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LBCeaLBCea
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6 years ago
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4 years ago
Thank you!
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2 years ago
thank you
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