When people by insurance they often adopt risky behavior. This is ...

[JGIBBSON]

When people by insurance they often adopt risky behavior. This is an example of
 A) adverse selection.
  B) moral hazard.
  C) a negative externality.
  D) moral hazard and a negative externality.

Question 2

Cartel agreements are more likely to succeed if:
 a. there are a large number of firms in the industry producing identical products.
  b. there are few firms in the industry producing identical products.
 c. there are a large number of firms in the industry producing differentiated products.
  d. there are a few firms in the industry producing differentiated products.

[nathang24]

Answer to Question 1

B

Answer to Question 2

b

[JGIBBSON]

Correct answers!

[nathang24]

Great! Please up vote