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Business, 22.11.2019 23:31 fantasticratz2

The basic idea behind moral hazard is that
a. some economic transactions impose an additional cost on society
b. people do not reveal their true preference for goods that are non-excludable in consumption
c. some economic transactions give rise to an additional benefit to society
d. people tend to take more risks if they do not have to bear the costs of their behavior

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The basic idea behind moral hazard is that
a. some economic transactions impose an additional...

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