Moral hazard is a
a. Pre-contractual problem
b. Post contractual problem
c. Post firing problem
d. None of the above
b
Economics
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In a market economy,
a. supply determines demand and demand, in turn, determines prices. b. demand determines supply and supply, in turn, determines prices. c. the allocation of scarce resources determines prices and prices, in turn, determine supply and demand. d. supply and demand determine prices and prices, in turn, allocate the economy's scarce resources.
Economics
A monopolist’s profit per unit is shown by the difference between price and marginal cost per unit.
Answer the following statement true (T) or false (F)
Economics