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Author Question: A system financed primarily through retrospective fee-for-service insurance reimbursement is: . a. ... (Read 138 times)

krzymel

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on: Jul 1, 2018
A system financed primarily through retrospective fee-for-service insurance reimbursement is: .
 a. A closed system.
  b. An open-ended system.
  c. A cost-plus system
  d. An efficient system.
  e. Both b and c.

Question 2

What is the term for the contract that maximizes the principal's payoff subject to the constraint that the principal lacks the agent's private information?
 a. First best
  b. Second best
  c. Third best
  d. Pareto optimum


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livaneabi

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Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

b


krzymel

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Reply 2 on: Jul 1, 2018
Excellent

hramirez205

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

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