Question

Consider the market for medical insurance. What information might buyers in this market have that insurance companies don’t have? Here’s a harder question: What information might sellers of medical insurance have that buyers don’t have? Group of answer choices Buyers' medical history and the medical history of their parents and grandparents The laws that govern insurance markets and the legal responsibilities. The complicated contracts they sign and the legal maneuvers available Buyers' diets, their sleeping habits, and their exercise regimen How often buyers follow a doctor’s advice Life expectancy by age, gender, race, occupation

          Consider the market for medical insurance.  What information might buyers in this market have that insurance companies don’t have?  Here’s a harder question: What information might sellers of medical insurance have that buyers don’t have?
Group of answer choices
Buyers' medical history and the medical history of their parents and grandparents
The laws that govern insurance markets and the legal responsibilities.
The complicated contracts they sign and the legal maneuvers available
Buyers' diets, their sleeping habits, and their exercise regimen
How often buyers follow a doctor’s advice
Life expectancy by age, gender, race, occupation

Added by Randy G.

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