Moral hazard occurs when contracts are written in such a way that

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Moral hazard occurs when contracts are written in such a way that

Moral hazard occurs when contracts are written in such a way that
A) the interests of agent and principal converge.
B) the interests of agent and principal diverge.
C) agents will wish to maximize the principal's utility.
D) production and risk-bearing efficiency are achieved.

Textbook

Microeconomics

Edition: 6^th

Author: Perloff

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