In the market for insurance, the moral hazard problem leads a. those most likely to collect on

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In the market for insurance, the moral hazard problem leads

a. those most likely to collect on insurance to buy it.

b. those who buy insurance to take fewer precautions to avoid the insured risk.

c. those with more prior insurance claims to be charged a higher premium.

d. to none of the above.

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Exploring Microeconomics

ISBN: 9781544339443

8th Edition

Authors: Robert L. Sexton

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