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Suppose a senior college football player approaches an insurance company and seeks to purchase an ...

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Suppose a senior college football player approaches an insurance company and seeks to purchase an ...

Suppose a senior college football player approaches an insurance company and seeks to purchase an insurance policy against him receiving a career-ending injury. The insurance company
A) will sell him an insurance policy because the proposal entails uncertainty not risk.
B) will sell him an insurance policy because the proposal entails risk not uncertainty.
C) will not sell him an insurance policy because the proposal entails uncertainty not risk.
D) will not sell him an insurance policy because the proposal entails risk not uncertainty.

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Microeconomics

Edition: 6^th

Author: Perloff

Read 197 times

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And if you call, I will answer
And if you fall, I'll pick you up
And if you court this disaster
I'll point you home

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