The under-provision of trustworthy third parties, such as Consumer Reports, reviewing products and services is an...
The under-provision of trustworthy third parties, such as Consumer Reports, reviewing products and services is an example of moral hazard.
A
True
B
False
Homework Answers
Statement is False, because the moral hazard situation develops when one party has an asymmetric information, thus that party will look to gain out of the situation. whereas here third party trustworthy companies are not gaining any thing directly.
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