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pirex pirex
wrote...
Posts: 634
6 years ago
If reckless drivers are more likely to buy automobile insurance than safe drivers are,
A) a moral hazard has occurred.
B) adverse selection has occurred.
C) the market for insurance is efficient.
D) then automobile insurance will be fairly priced.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
Read 75 times
1 Reply
And if you call, I will answer
And if you fall, I'll pick you up
And if you court this disaster
I'll point you home

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6 years ago
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