Figure 16-2 
-Refer to Figure 16-2.What,if any,long run adjustment will occur in this industry?
Definitions:
Large Risks
Exposures to significant potential losses or gains, often requiring careful assessment and management in decision-making processes.
Small Risks
Risks that have a minor potential impact or a very low probability of occurring.
Fair Coin
A coin that has an equal likelihood of landing on heads or tails when flipped, symbolizing a 50/50 chance in probability terms.
Consecutive Tails
A term referring to the occurrence of the tails side of a coin showing up multiple times in a row during coin tosses.
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