Multiple Choice
Continuing with the same vacation-insurance company from the preceding question,is there any vacation-day price that would both strictly increase the family's expected utility (compared to no insurance) and strictly increase the profits of the risk-neutral insurance company?
A) No.
B) Yes,3 or 4.
C) Yes,4.
D) Yes,4 or 5.
Correct Answer:

Verified
Correct Answer:
Verified
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