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Question
17. Many car insurance companies offer discounts for safe drivers. The promise is lower premiums or a reduction in deductibles for customers that remain accident-free for a specified period of time. The discounts are not without a cost, however. Policyholders must pay an additional premium (periodic fee paid for insurance coverage) in order to participate in the program. Understanding opportunity cost, explain how safe-driver programs might be beneficial for some customers but not others.
Answer
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Related questions
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