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Tidy Tidy
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8 years ago
A key difficulty facing insurance companies is that people know more about their health than do insurance companies, and that those people who are seriously ill are the most likely to want to obtain health insurance. What is this phenomenon called?
A) moral hazard
B) economic irrationality
C) asymmetric information
D) adverse selection
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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VincenzoDVincenzoD
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8 years ago
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Tidy Author
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8 years ago
Brilliant ツ
Mcb
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Yesterday
Good timing, thanks!
gma_of_7
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2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
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