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Tidy Tidy
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8 years ago
If a doctor knows that an insurance company will pay for most of a patient's bill, the doctor has more of an incentive to require additional medical procedures and tests, even if the patient may not require them. This is an example of
A) moral hazard.
B) the principle-agent problem.
C) asymmetric information.
D) adverse selection.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
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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
Smart ... Thanks!
AlahuKakpar
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Yesterday
Good timing, thanks!
patyfeitosa
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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