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The gure shows the market for auto insurance. Progressive Auto Insurance Premium (dollars per year} offers applicants to temporarily install its Snapshot device to monitor
The gure shows the market for auto insurance. Progressive Auto Insurance Premium (dollars per year} offers applicants to temporarily install its Snapshot device to monitor their driving habits prior to signing up for insurance. This practice should result in paying a premium of per year. G) A. 120 million safe drivers; $500 0 B. 80 million unsafe drivers; $500 0 C. 120 million safe drivers; $700 0 D. 80 million unsafe drivers; $700 0 E. 100 million drivers; $500 0 30 IOU I20 Policies (millions) The figure shows the market for car insurance. If the companies can't determine Premium (dollars per year) who is a safe or an unsafe driver, drivers are insured at a premium of O A. 150 unsafe; $1,000 O B. only safe drivers: $800 S O C. 150 safe and unsafe; $1,000 1000 O D. only 100 unsafe drivers; $800 800 O E. only safe drivers; $1,000 D D Safe 0 100 1 10 150 Policies (millions)
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