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16.2 Insurance and imperfect information  (Page 27/33)

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  • Card 27 / 33:
    deductible

    an amount that the insurance policyholders must pay out of their own pocket before the insurance coverage pays anything

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Practice FlashCards 13 Key Terms 10

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Source:  OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
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