Examlex
Which of the following is an example of a secondary group?
Efficiency Loss
The loss of economic efficiency that occurs when the optimal allocation of resources is not achieved, often due to market failures or externalities.
Health Insurance
An insurance policy that covers or reimburses the policyholder for their medical and surgical costs resulting from sickness or injury.
Efficiency Loss
The economic cost arising when market transactions do not allocate resources in the most beneficial way for society, often manifesting in deadweight loss.
Health Insurance
A type of insurance coverage that pays for medical and surgical expenses incurred by the insured or provides reimbursement for such expenses.
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