What does the term moral hazard mean? Give examples.
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What does the term moral hazard mean? Give examples.
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Moral hazard is a term used in economics finance and insurance and it refers to the situation where an entity has an incentive to take on excessive ri...View the full answer
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Related Book For
The Economics Of Health And Health Care
ISBN: 9781138208049
8th Edition
Authors: Sherman Folland, Allen C. Goodman, Miron Stano
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