Moral hazard arises in the insurance market because ________. A. Buyers of insurance have private information that
Question:
Moral hazard arises in the insurance market because ________.
A. Buyers of insurance have private information that they can use
B. Insurance companies can offer a range of premiums to buyers
C. Buyers can opt to take a deductible or a no-claim bonus
D. Insurance companies can match premiums to customer risk
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