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Which of the following is one of the biggest problems with pooling arrangements? 1. They are illegal 2. People who are really bad risks are
Which of the following is one of the biggest problems with pooling arrangements?
1. They are illegal
2. People who are really bad risks are eager to enter into them
3. People who are really bad risks are unwilling to get into them
4. Even if all participants are good risks, each member of the pool will face more volatility than he or she would face without participating in the pool
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