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A month ago
Recall the Application about how having car insurance affects driving behavior to answer the following
question(s).


Recall the Application. The idea that an insured driver, who bears less than the full cost of a collision, will drive less carefully than an uninsured driver is an example of:

▸ a thin market.

▸ adverse selection.

▸ moral hazard.

▸ asymmetric information.
Textbook 
Microeconomics: Principles, Applications, and Tools
Edition: 8th
Authors:
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wrote...
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A month ago
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moral hazard.
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wrote...
A month ago
Thanks
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