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Author Question: When people by insurance they often adopt risky behavior. This is an example of A) adverse ... (Read 21 times)

JGIBBSON

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on: Jun 30, 2018
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.


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nathang24

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

b


JGIBBSON

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Reply #2 on: Jun 30, 2018
Correct answers!


nathang24

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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