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Which of the following scenarios would work for risk pooling in the insurance market? Group of answer choices The probability of loss is small but
Which of the following scenarios would work for risk pooling in the insurance market? Group of answer choices The probability of loss is small but the consequences is small as well. Risk pooling does not happen Households and insurance companies are equally knowledgeable regarding the risk the household carries Risk categories are created by behaviors within the household's ability to control. Households withhold information that could make the insurance premiums increase
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