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    Microeconomics Study Set 25
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    Exam 20: Uncertainty, Risk, and Private Information
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    Many People Smoke and Continue Poor Eating Habits Because They
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Many People Smoke and Continue Poor Eating Habits Because They

Question 39

Question 39

Multiple Choice

Many people smoke and continue poor eating habits because they have health insurance.This example illustrates:


A) moral hazard.
B) signaling.
C) reputation.
D) adverse selection.

Correct Answer:

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