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Insurance buyer A and B have the same risk exposure and expected loss. They both seek full coverage of insurance. Which of the following is

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Insurance buyer A and B have the same risk exposure and expected loss. They both seek full coverage of insurance. Which of the following is TRUE about insurance premium for A and B? The insurance premium would generally be the same for A and B. The premium would be different based on the different level of risk aversion. The premium would be different based on the different level of uncertainty or risk It would be impossible to compare them without knowing their utility functions

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