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Considering the above question, let's suppose that a cancer insurance policy that pays your cancerrelated costs for the coming year is available for $5000. If

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Considering the above question, let's suppose that a cancer insurance policy that pays your cancerrelated costs for the coming year is available for $5000. If you are risk averse, would you be willing to buy this insurance? If yes, what would be the premium amount? Yes, $2000 No Yes, $1000 Yes, $0

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