The principal-agent problem could be defined by saying that it is an agent who benefits from the effort of others without having even participated in the joint effort. It is a concept that is to be linked more broadly to the problems of information asymmetry.
<span>The term moral hazard refers to a type of market failure where the existence of insurance against a certain risk increases the likelihood of the occurrence of the event causing the risk.</span>
<u>The right answer is:</u>
Principal-agent problem matches with 2
Asymmetric information matches with 3
Adverse selection matches with 4
Moral hazard matches with 1
Answer:
because every year there is a new strain of flu
Explanation:
Urinary obstruction, Neurogenic bladder, Catheterization, Pregnancy and diabetes
Answer:
The answer is A) Phytoplankton grow rapidly in the lake then die and decompose.
