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Question: Why does the assumption of independence of risks matter in the examples of insurance? What would happen to premiums if the probabilities of houses burning were positively correlated? Can you think of a situation where they might be negatively correlated? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M93111724

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