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    Principles of Microeconomics Study Set 11
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    Exam 16: Information, Risk, and Insurance
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    One Strategy Insurance Companies Have Adopted to Reduce Moral Hazard
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One Strategy Insurance Companies Have Adopted to Reduce Moral Hazard

Question 51

Question 51

Multiple Choice

One strategy insurance companies have adopted to reduce moral hazard is to require an injured party to pay a _______________ .


A) actuarial fairness
B) a contribution
C) a premium
D) a deductible

Correct Answer:

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