What is one impact of government regulation of insurance? Group of answer choices Certain groups can receive insurance, even though the private market would not otherwise provide that insurance. Fewer people have insurance coverage than if it was provided only by the market. The total cost of insurance in America has gone down. The insurance industry has moved closer to a perfectly competitive market structure.
What is one impact of government regulation of insurance? Group of answer choices Certain groups can receive insurance, even though the private market would not otherwise provide that insurance. Fewer people have insurance coverage than if it was provided only by the market. The total cost of insurance in America has gone down. The insurance industry has moved closer to a perfectly competitive market structure.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter13: Antitrust And Regulation
Section: Chapter Questions
Problem 12SQP
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Question
What is one impact of government regulation of insurance?
Group of answer choices
Certain groups can receive insurance, even though the private market would not otherwise provide that insurance.
Fewer people have insurance coverage than if it was provided only by the market.
The total cost of insurance in America has gone down.
The insurance industry has moved closer to a perfectly competitive market structure.
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