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(True or False with explanation) In a neighborhood where the price of houses are identical and the value of damage done by fires is identical.
(True or False with explanation) In a neighborhood where the price of houses are identical and the value of damage done by fires is identical. The risk premium for an insurance policy that repays all the cost of the fire damage does not vary across homeowners
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Microeconomics
Authors: Robert Pindyck, Daniel Rubinfeld
9th Edition
0134184246, 9780134184241
