What is a misdemeanor?

a. a conviction dismissed after trial by jury

b. a crime punishable by five years of imprisonment

c. a first offense

d. a crime punishable by imprisonment of less than one year

Pam is a low-risk careful driver and fran is a high-risk aggressive driver. to reveal their driver types, an auto-insurance company a. refuses to insure high-risk drivers b. charges a higher premium to owners of newer cars than to owners of older cars c. offers policies that enable drivers to reveal their private information d. uses a pooling equilibrium e. requires drivers to categorize themselves as high-risk or low-risk on the application form