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Define moral hazard. Does it apply only to consumers? If your demand for health care services is more or less elastic, will there be more

Define moral hazard. Does it apply only to consumers? If your demand for health care services is more or less elastic, will there be more or less (potential) moral hazard effect for a given co-insurance rate.

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Moral hazard refers to a situation in which one party typically an individual or an entity is encouraged to take on more risk or engage in riskier beh... blur-text-image

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