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Your friend is afraid of dogs because he was bitten as a child.One day while he was playing catch in a park, a large pack of dogs wandered into his view.Now he avoids parks.His change in behavior is likely due to which of the following?
CFCs
Chlorofluorocarbons; chemical compounds used in aerosol sprays and refrigerants that have been found to deplete the ozone layer.
Adverse Selection
A situation in which one party in a transaction has more information than the other, often leading to the selection of poorer-quality goods or higher-risk individuals.
Seller Ratings
Evaluations or scores given to sellers on e-commerce platforms, based on the quality of their products, shipping speed, and customer service.
Moral Hazard
A situation where one party is more likely to take risks because another party bears the cost of those risks, often seen in insurance and financial sectors.
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