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corie corie
wrote...
Posts: 767
6 years ago
When states make car insurance mandatory for all drivers, it
A) raises rates for everyone because it brings bad drivers into the pool.
B) raises rates for high-risk drivers.
C) may lower rates for all drivers to the extent that it keeps low-risk drivers in the pool.
D) prevents high-risk drivers from "selecting out," to the detriment of low-risk drivers.
E) increases the amount of information available to insurers about the population.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
Read 61 times
1 Reply

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Replies
wrote...
6 years ago
C
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