One Result of Asymmetric Information in Health Insurance Markets Is

question 14

Multiple Choice

One result of asymmetric information in health insurance markets is

• A)an optimal number of insurance policies sold.
• B)adverse selection.
• C)externalities in consumption.
• D)a low marginal benefit of additional information for the buyer of insurance.
• E)The principal-agent problem.

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Definitions:

Emotional remarriage

The act of developing a deep emotional connection and commitment with a new partner after the cessation of a previous marriage-like relationship.

Psychic remarriage

An emotional process during which an individual achieves a renewed sense of commitment or attachment to another person, usually following personal growth or after a loss.

Emotional remarriage

The process of forming a deep emotional connection and commitment to a new partner after the end of a previous marriage, without necessarily legally marrying again.

Commitment

The condition of being committed to a purpose, endeavor, or partnership.