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Choose the correct letter for each question.
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Moral Hazard
The risk that one party to a contract can change their behavior to the detriment of the other party once the contract has been executed.
Asymmetric Information
A situation where one party in a transaction has more or superior information compared to another.
Defective
Pertaining to a product or thing having flaws, faults, or imperfections.
Potential Buyers
Individuals or organizations that might be interested in purchasing a product or service.
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