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December 6, 2022

What are risk pools in the insurance market? Why do insurance companies usually prefer large risk pools? What is the difference between a risk averse, risk neutral, and ri

150 words

What are risk pools in the insurance market?
Why do insurance companies usually prefer large risk pools?
What is the difference between a risk averse, risk neutral, and risk tolerant person in terms of purchasing health insurance coverage?
Describe a premium, deductible, and coinsurance in the insurance market.

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