Why can't safe drivers get lower rates by telling insurance companies that they are less likely to have an accident? Select one: a. because no one can really know if he or she is a safe driver Ob. because unsafe drivers would make the same claim O c. because accidents happen to everyone 0d. because insurance companies don't want to cut rates for anyone ge Finish attempt .
Why can't safe drivers get lower rates by telling insurance companies that they are less likely to have an accident? Select one: a. because no one can really know if he or she is a safe driver Ob. because unsafe drivers would make the same claim O c. because accidents happen to everyone 0d. because insurance companies don't want to cut rates for anyone ge Finish attempt .
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter19: The Problem Of Adverse Selection
Section: Chapter Questions
Problem 1MC
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