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1-Name three elements of an Ideally Insurable Risk and describe what makes them ideal. 2-Why are most market risks, financial risks, production risks, and political

1-Name three elements of an Ideally Insurable Risk and describe what makes them ideal.

2-Why are most market risks, financial risks, production risks, and political risks considered difficult to insure by private insurers?

3- Give an example of how the definitions in objective risk differ from subjective risk apply - what do they mean?

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