e. Suppose there are an equal number of d and u types and suppose that the insurance
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e. Suppose there are an equal number of d and u types and suppose that the insurance industry for some reason offered a single full set of insurance contracts p 5 bb and that this allowed them to earn zero profits. Would the p 5 bb line lie halfway between the actuarially fair contract lines for the two risk types?
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Related Book For 
Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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