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How much insurance will a consumer purchase if they face actuarially fair premiums? U(100) 75 E[U(W) U(10)= 10 W=10 w/ p = 0.2 73 W=100

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How much insurance will a consumer purchase if they face actuarially fair premiums? U(100) 75 E[U(W) U(10)= 10 W=10 w/ p = 0.2 73 W=100 w/ p = 0.8 OA. $90 OB. $10 OC. $100 D. $0

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