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Author Question: A situation in which one party to a transaction has both the incentive and the ability to behave in ... (Read 19 times)

allihubbard

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on: Oct 12, 2022

Question 1

A situation in which an individual or a firm takes advantage of special knowledge while engaging in socially inefficient behaviour is known as
◦ moral hazard.
◦ diminishing marginal returns.
◦ the free-rider problem.
◦ adverse selection.
◦ over-consumption.

Question 2

A situation in which one party to a transaction has both the incentive and the ability to behave in a way that shifts costs onto the other party is known as
◦ adverse selection.
◦ the free-rider problem.
◦ asymmetric information.
◦ moral hazard.
◦ a positive externality.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by allihubbard on Oct 12, 2022

brunoanthony

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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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allihubbard

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

jamesnevil303

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Reply 3 on: Yesterday
Excellent

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