An article in the Economist magazine observes: Insurance companies often suspect the only people who buy insurance
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Question:
An article in the Economist magazine observes: "Insurance companies often suspect the only people who buy insurance are the ones most likely to collect." Source: "The Money Talks," Economist, December 5, 2008. What do economists call the problem being described here?
Group of answer choices
Principal-agent problem.
Moral hazard.
Adverse selection.
All of the above.
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