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Using the requirements of an ideally insurable risk, compare insuring (1) a novel pandemic outbreak (e.g., COVID-19 outbreak in April 2020) versus (2) a normal

  1. Using the requirements of an ideally insurable risk, compare insuring (1) a novel pandemic outbreak (e.g., COVID-19 outbreak in April 2020) versus (2) a normal pandemic outbreak (e.g., COVID outbreak in October 2021). Write no more than 2 sentences for each requirement under each scenario.

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