Moral hazard is due to
A) hidden characteristics.
B) hidden actions.
C) symmetric information.
D) adverse selection.
B
Economics
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If the price of a product being sold in a perfectly competitive market increases,
A) the MRP curve shifts to the right. B) the MPP curve shifts to the right. C) the MFC curve shifts to the right. D) the MFC curve shifts to the left.
Economics
________ refers to reductions in a firm's costs that result from an increase in the size of an industry
A) Internal economies B) External economies C) Autarkial dominance D) Streamlining
Economics