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Other Fields Homework Help Economics Topic started by: Cuba on Jun 18, 2015



Title: With respect to the health insurance market, what is moral hazard?
Post by: Cuba on Jun 18, 2015
With respect to the health insurance market, what is moral hazard?
A) Moral hazard refers to the actions people take, after they purchase an insurance policy, that make the insurance company worse off.
B) Moral Hazard refers to to people who purchase one type of insurance policy when they would have been better off purchasing a different policy.
C) Moral Hazard refers to the situation in which a person purchasing an insurance policy takes advantage of knowing more about his health than the insurance company.
D) Moral hazard refers to the actions people take before they purchase an insurance policy.


Title: Re: With respect to the health insurance market, what is moral hazard?
Post by: IloveChi on Aug 27, 2015
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Title: Re: With respect to the health insurance market, what is moral hazard?
Post by: Cuba on Aug 31, 2015
I have a major exam next week. Thank you for taking the time to answer. Problem solved.


Title: Re: With respect to the health insurance market, what is moral hazard?
Post by: IloveChi on Aug 31, 2015
Awesome :-]