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nakungth nakungth
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6 years ago
In insurance markets, moral hazard creates economic inefficiency because:
A) insurance companies are price setters rather than price takers.
B) insurance products are not homogenous goods.
C) there are many buyers but only a few sellers.
D) insured individuals do not correctly perceive the costs or benefits of their actions.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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Bart_argBart_arg
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#1
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nakungth Author
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#2
5 years ago
Thanks, very pleased with your answer
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