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    Business
  3. Study Set
    Microeconomics Principles Applications
  4. Exam
    Exam 14: Imperfect Information: Adverse Selection and Moral Hazard
  5. Question
    -Refer to Figure 14
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-Refer to Figure 14

Question 93

Question 93

Multiple Choice

  -Refer to Figure 14.1.If the insurance company in this market becomes pessimistic and assumes that all buyers will be high-cost consumers,the equilibrium will be at A)  point a. B)  point b. C)  point c. D)  none of the above
-Refer to Figure 14.1.If the insurance company in this market becomes pessimistic and assumes that all buyers will be high-cost consumers,the equilibrium will be at


A) point a.
B) point b.
C) point c.
D) none of the above

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