Ashley opened an all-you-can-eat buffet restaurant. The price per-person was based on what Ashley believed an average restaurant patron would consume. The restaurant began to lose money
Ashley concluded that her patrons had "above average" appetites, and were attracted to her restaurant because they could eat as much as they wanted while being charged an average price. A similar phenomenon exists in insurance markets. This problem is called
A) legal hazard.
B) adverse selection.
C) attitudinal hazard.
D) nondiversifiable risk.
Answer: B
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A) developed country and then distributing it globally B) developing country and then distributing it in other developing countries C) developing country and then distributing it globally D) developed country and then distributing it in developing countries E) developed country and then distributing it in other developed countries
A marketing channel that consists of one or more intermediaries is known as a(n) ________ marketing channel
A) cyclic B) upstream C) looped D) direct E) indirect
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Answer the following statement true (T) or false (F)
IRA funds may be withdrawn without penalty at
A) age 59-1/2. B) age 64-1/2. C) age 69-1/2. D) any age.