Economics · Microeconomics
In asymmetric information theory, a situation where an individual takes undisclosed risks after a contract is signed, affecting the outcome adversely, is known as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Moral hazard problem✓
- 2Weak selection problem
- 3Superior choice approach
- 4Adverse selection problem
Correct answer
Moral hazard problem
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