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Automobile insurance companies attempt to reduce the problem of moral hazard by: a. Refusing to insure bad drivers. b. Offering no-fault insurance. O c.

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

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