kristianlukyan8001 kristianlukyan8001

11-10-2017
Social Studies

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When one party is better informed about an economic situation than another party, economists describe the problem as one of?

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SeoJoon15 SeoJoon15

25-10-2017

In the given situation, the answer is moral hazard. A moral hazard happen when a party is involved in a situation in which the other party is likely be a result of what will happen in the outcome as there is a presence of incomplete information with both of the parties involved.

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