In the market for automobile insurance,drivers can reveal that they are low risk by buying policies with ________ deductibles and ________ premiums.
A) high; low
B) low; high
C) high; high
D) low; low
E) zero; high
Correct Answer:
Verified
Q79: Q80: Q81: Private information Q83: In the used car market,adverse selection creates Q85: If a salesperson is paid by the Q86: _ occurs when an informed person takes Q87: The private market _ health care because Q88: In the market for used cars,the lemons Q89: "People buy insurance to protect themselves from Q209: How can a warranty at the seller's
A) can create adverse selection but
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