Multiple Choice
All-you-can-eat restaurants tend to attract "undesirable" customers,i.e. ,mostly people who overeat.According to this statement,the problem encountered by such restaurants can be described as:
A) a prisoner's dilemma.
B) a moral hazard.
C) an adverse selection.
D) an agency dilemma.
Correct Answer:
Verified
Correct Answer:
Verified
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