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corie corie
wrote...
Posts: 767
6 years ago
Refer to Scenario 17.3.  Moral hazard would be eliminated in this situation if
A) the insurer would always charge $300.
B) the insurer would always charge $6000.
C) the insurer could costlessly monitor whether a fire prevention program has been implemented, and adjust the premium upward if it is not.
D) the insurer could costlessly monitor whether a fire prevention program has been implemented, and adjust the premium downward if it is not.
E) the fire did not occur.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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boransalboransal
wrote...
Posts: 477
6 years ago
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corie Author
wrote...

6 years ago
Thank you, thank you, thank you!
wrote...

Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
wrote...

2 hours ago
Thanks
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