The figures show two auto insurance markets, one market for safe drivers and one market for aggressive drivers.
-In a separating equilibrium,there is ________ of insurance in the market for safe drivers,and there is ________ of insurance in the market for aggressive drivers.
Definitions:
Supply And Demand
The fundamental economic model describing the interaction between the quantity of goods available for sale and the consumers' willingness to purchase them at a certain price.
Plant/Equipment Investment
Capital expenditure on the physical assets of a company to increase its capacity or improve its efficiency.
Long-Term Forecasts
Predictions about future events or trends in an industry or organization that extend beyond the immediate future, typically several years ahead.
Standard Deviation
An indicator of the extent of differences or spread among a collection of numbers.
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