Discuss the pros and cons of this unconditional warranty.

(a) Offering health insurance by employers as a fringe-benefit re Show more Evaluate the following statements. (a) Offering health insurance by employers as a fringe-benefit reduces the problem of adverse selection. (b) Too little insurance means that people bear a lot of risk too much insurance means that people will take inadequate care! (c) A limited warranty is a signal that the product is not a lemon. Sears offers satisfaction guaranteed or your money back on its Craftsman tools. Discuss the pros and cons of this unconditional warranty. (d) High switching costs locks-in consumers from buying substitute goods that may be cheaper. Show less

 

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