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Business, 12.12.2019 02:31 719563mercy

Choose the correct statement.

a. adverse selection arises in health insurance because some of the healthiest people choose to be uninsured, at least during their younger years.

b. moral hazard arises in health insurance because once insured, a person has less incentive to adopt a healthy lifestyle.

c. in the market for health insurance, the buyers have private information and in the market for health care, the sellers have private information.

d. all of the above are correct.

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Choose the correct statement.

a. adverse selection arises in health insurance because so...

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