_______ occurs when people smoke more after buying life insurance.
A. Adverse selection 4
B. Moral hazard
C. Asymmetric information
D. Cournot and Bertrand competition
Answer: B
___ occurs when people smoke more after buying life insurance.
A. Adverse selection 4
B. Moral hazard
C. Asymmetric information
D. Cournot and Bertrand competition
Answer: B