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Automobile insurance companies attempt to reduce the problem of moral hazard by: O a. Offering no-fault insurance. O b. By segmenting the market into low

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Automobile insurance companies attempt to reduce the problem of moral hazard by: O a. Offering no-fault insurance. O b. By segmenting the market into low risk and high risk groups: O c. Offering liability insurance to drivers with bad driving records, but refusing to offer collision insurance. Requiring a deductible on insurance claims. O d. e. Refusing to insure bad drivers

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