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According to a study, about 5 million people in the United Sates were victims of weight-loss fraud in a given year. The fraud ranged from

According to a study, about 5 million people in the United Sates were victims of weight-loss fraud in a given year. The fraud ranged from a tea that promised to help people shed some pounds to fraudulent clinical trials and fat-dissolving injections. Do these frauds illustrate adverse selection or moral hazard?

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