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Author Question: Why does moral hazard often arise in the case of insurance? Because (Read 55 times)

lrhoads

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on: Oct 12, 2022
Why does moral hazard often arise in the case of insurance? Because
◦ people generally underestimate the amount of insurance coverage needed.
◦ insurance companies have no incentive to investigate fraudulent claims.
◦ insured people will not take sufficient care to reduce risks because the private cost of reducing risks exceeds the private benefit of reducing risks.
◦ insured people will not take sufficient care to reduce risks because the private benefit of reducing risks exceeds the private cost of reducing risks.
◦ people who are in the most need of insurance have the most trouble obtaining insurance coverage.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by lrhoads on Oct 12, 2022

kalimarie

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lrhoads

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

TheDev123

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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