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2. You have the following two insurance companies to insure your brand-new car. Assume that you are able to pay a maximum of $350 for
2. You have the following two insurance companies to insure your brand-new car. Assume that you are able to pay a maximum of $350 for your car insurance. Which of the two insurance companies would you choose? * MedCo insurance NextCo insurance company company Number of policies sold last year 65,000 60.000 Last year's expenses $10.880.000 S11.520.000 Also note that 39% of Medco's premiums are used to cover the administrative expenses, and 59% of NextCo's premiums are used to cover the car damages. a. I will choose MedCo insurance company b. I will choose NextCo insurance company c. I am indifferent, I can choose either MedCo or NextCo insurance companies O d. I can't choose any company e. I can't decide based on the given information
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