Bernice has to choose a healthcare plan, and signs up for the most comprehensive plan because she knows that she will have health problems in the future. This is an example of __________.

Group of answer choices

Moral hazard

Negative externalities

None of the above

Adverse selection

The Free-rider problem

The free-rider problem happens when people can benefit from a good or service without having to pay for it. This is most likely to happen when a good is ________________.

Group of answer choices

Rival and excludable

Non-rival and excludable

Rival and non-excludable

Non-rival and non-excludable