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Identify also explain the different functions performed

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Q. Electricity is supplied by electric utilities into wholesale and retail markets for electricity. Identify also explain the different functions performed in the electricity supply sector by several different types of electric utilities in these markets.

Q. Consider the following story: "When Joe didn't have car insurance, he drove very cautiously because he knew he would have to pay for any damage to his car. Now that he has car insurance, he drives like a maniac because he knows that even if he gets into an accident, his insurance will cover it."

Reference no: EM1347718

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