Answered: underprovision; overprovision

Business

Economics

underprovision; overprovision

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

In a pooling equilibrium, there is ________ of insurance in the market for safe drivers, and there is ________ of insurance in the market for aggressive drivers.

Group of answer choices

underprovision; an efficient quantity

underprovision; overprovision

underprovision; underprovision

overprovision; underprovision

overprovision; overprovision

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