What is a real or market value-insurance company, Operation Management

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What is a real or market value-insurance company

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Q: A shipper obtains a marine ( cargo) insurance policy for $25.000.00 on goods that had a real or market value of $8,000.00. If the goods are lost at sea, is the insurance company liable for $25,000.00, $8,000.00 or nothing. Support your answer

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Operation Management: What is a real or market value-insurance company

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