Business
Business, 12.06.2021 16:20, jaylinzavala

Moral hazard is a situation when a. contract terms attract parties that have a higher preference for risk b. contract terms incentivize applications of worse customers and repels better ones because of generous variable benefits, but high fixed-costs c. contract terms incentivize one party to take on more risk because they don't carry the full cost of the risk d. contract terms repel parties that have a lower preference for risk

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Moral hazard is a situation when a. contract terms attract parties that have a higher preference for...

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