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A new company recently began offering health insurance plans to its employees. After a year, the company was informed that insurance premiums for its comprehensive
A new company recently began offering health insurance plans to its employees. After a year, the company was informed that insurance premiums for its comprehensive insurance plan would be increasing. The insurance company explained that the increase in premiums was due to a high number of insurance claims from high-risk employees on this particular plan. This situation was the result of A Adverse selection B Price inflation Resource scarcity D Elasticity of demand E Insurance fraud
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