Suppose a company owns 20 trucks each having an estimated value of Birr 250,000. Considering historical data, the risk manager has come up with an estimate that the average monetary loss per accident is Birr 60,000 and the probability of a truck facing an accident is 0.2. And it is generally assumed that a truck can experience more than one accident in a given year. What is the expected total monetary loss?

Suppose that a government that is skeptical of efforts to regulate prices charged by private companies is nevertheless concerned that an electric utility company is taking advantage of consumers with unfair pricing policies. which of the following policy options might most effectively enable the government to achieve its objectives in this situation? do nothing to all. turn the company into a public enterprise. use antitrust laws to increase competition. regulate the firm's pricing behavior.