Question: Which statement is TRUE if the insurance market is efficient? Question 38 options: Society as a whole engages in less risky behavior. It transfers risk

Which statement is TRUE if the insurance market is efficient? Question 38 options: Society as a whole engages in less risky behavior. It transfers risk from those who most want to get rid of it to those least bothered by the risk. The deductibles eliminate moral hazard. Premiums are always kept to the level of a fair insurance policy

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