One of the Problems with No-Fault Automobile Insurance Is That

question 9

Multiple Choice

One of the problems with no-fault automobile insurance is that

• A)it does not use the legal system to keep costs under control.
• B)it results in higher jury awards to victims.
• C)you cannot sue the at-fault driver for pain, suffering and economic loss.
• D)the drivers who are at fault face no penalties at all.

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Definitions:

Entry Barriers

Factors that prevent or hinder the ability of new competitors to enter and operate successfully in an industry, including high startup costs, regulatory restrictions, and established brand loyalty.

Brand Loyalty

The tendency of consumers to continuously purchase one brand's products over others because of perceived superiority or emotional attachment.