emilyn1331 emilyn1331
  • 15-03-2024
  • Business
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Cawley and Philipson (1999) find that in life insurance markets, there is a bulk discount (that is, people buying larger policies pay lower per unit prices). They conclude that this finding is:
a) Consistent with the law of demand.
b) Inconsistent with the law of demand.
c) Consistent with economies of scale.
d) Inconsistent with economies of scale.

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