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An individual insured against a particular cost, Question 11 options: a) has reduced incentives to take precautions against those costs. b) may take on additional

An individual insured against a particular cost, Question 11 options: a) has reduced incentives to take precautions against those costs. b) may take on additional risk because he/she is insured. c) faces incentives that can result in higher insurance rates. d) All of the above are true

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