To decide how much an insurance policy should cost a customer, underwriters use , such as historical industry trends and loan characteristics, to predict risk levels. Multiple Choice seasonal trends diagnostics data analytics logistics

Why is the type of product sold in an industry an important characteristic? a firm that can differentiate its product from that of rivals may be able to charge a higher price for a superior product. a firm that sells intangible goods is usually considered a monopoly. service industries cannot differentiate their products, which makes it easy for new firms to enter the industry. expensive products are usually sold by perfectly competitive firms.