Business, 23.10.2021 16:20, Key1431

The problem of moral hazard arises because a. life is full of all sorts of risks. b. insurance companies go to great effort to avoid paying claims to their policy holders. c. a high-risk person is more likely to apply for insurance than is a low-risk person. d. after people buy insurance, they have less incentive to be careful about their risky behavior.

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The problem of moral hazard arises because a. life is full of all sorts of risks. b. insurance compa...