Buying insurance can create a moral hazard. Indicate whether the ...

[Deast7027]

Buying insurance can create a moral hazard.
  Indicate whether the statement is true or false

Question 2

A cartel is:
 a. a group of oligopolists who try to behave like a single monopolist and split the benefits among themselves.
  b. a government-approved organization for the exchange of technical information among firms.
 c. an industry trade group formed to lobby political leaders
 d. a regulated industry manufacturers association that is officially permitted to set the price of its product above long-run average total cost.

[kkenney]

Answer to Question 1

True

Answer to Question 2

a

[Deast7027]

Excellent

[nothere]

Thanks for the timely response, appreciate it