If a company offers a medical and dental care plan that offers benefits to all of the
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If a company offers a medical and dental care plan that offers benefits to all of the members of each employee’s family for a given monthly premium, an employee who is a mother of five children and who has bad teeth who elects that plan would be an illustration of
a. the moral hazard problem.
b. the free-rider problem.
c. the adverse selection problem.
d. the “lemon” problem.
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