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whipped whipped
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6 years ago
A teacher tells her students that she will give them a riddle that each student has to solve separately and then announce his or her answer in the class. Those who get the correct answer will get a gift. Kate, a student in the class, decides to give the answer that most students give, although the answer she gets from solving the riddle is quite different. This is an example of ________.
A) adverse selection
B) moral hazard
C) a pecuniary externality
D) an information cascade
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Microeconomics

Microeconomics


Edition: 1st
Authors:
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losteinlostein
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6 years ago
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You make an excellent tutor!
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