The risk-averse person will buy health insurance a. Only if the expected health costs equal the insurance
Question:
The risk-averse person will buy health insurance
a. Only if the expected health costs equal the insurance premium.
b. Only if the expected health costs are greater than the insurance premium.
c. Even if the expected health costs are less than the insurance premium.
d. Under no circumstances.
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c Even if the expected health costs are less than the insurance premium Explanation The primary moti...View the full answer
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