How can an insurance company offer people a deal worth taking? Why do both the buyers and

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How can an insurance company offer people a deal worth taking? Why do both the buyers and the sellers of insurance gain?

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Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

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Question Posted: Dec 15, 2015 07:33 AM

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How can an insurance company offer people a deal worth taking? Why do both the buyers and

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Insurance companies work by pooling risks so that everyone pays into the pool but only the small fra...View the full answer

Microeconomics

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