Recent Posts • Latest Topics • Unanswered Questions

Why does moral hazard often arise in the case of insurance? Because

danny2012

wrote...

Go to Answer

Posts: 139

Rep:

A year ago

Why does moral hazard often arise in the case of insurance? Because

Why does moral hazard often arise in the case of insurance? Because

▸ people generally underestimate the amount of insurance coverage needed.

▸ insurance companies have no incentive to investigate fraudulent claims.

▸ insured people will not take sufficient care to reduce risks because the private cost of reducing risks exceeds the private benefit of reducing risks.

▸ insured people will not take sufficient care to reduce risks because the private benefit of reducing risks exceeds the private cost of reducing risks.

▸ people who are in the most need of insurance have the most trouble obtaining insurance coverage.

Textbook

Microeconomics

Edition: 17^th

Author: Ragan

Read 29 times

1 Reply

Report

Replies

Answer verified by a subject expert

armywahine

wrote...

Posts: 121

Rep:

A year ago

More solutions for this book are available here

Report

Related Topics

danny2012 Author

wrote...

A year ago

Just got PERFECT on my quiz

alpheratz

wrote...

Yesterday

Smart ... Thanks!

rudy.zondo

wrote...

2 hours ago

This helped my grade so much Perfect

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

733 People Browsing

114 Signed Up Today

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

352

305

Your Opinion

Previous poll results: Who will win the 2024 president election?

Strange Ingredients Lurking in Doritos Chips

The Toxic Skin and Fungi Defense

Bonobos, Chimpanzees, and the 98% DNA Link

It's sore throat season, why does my mucus have red spots?

Courses by Biology Forums

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.