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    Exam 20: Uncertainty, Risk, and Private Information
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    If Those Who Are Most Willing to Bear Risk End
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If Those Who Are Most Willing to Bear Risk End

Question 96

Question 96

Multiple Choice

If those who are most willing to bear risk end up bearing it, then we say that the insurance market is:


A) in equilibrium.
B) efficient.
C) equitable.
D) showing signs of moral hazard.

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