What is “moral hazard” problem? How does it lead toinefficient allocation of resources? Suggest remedial measures.
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Solution 1
The "moral hazard" problem refers to a situation where one party is encouraged to take excessive risks because they do not bear the full consequences of their actions. This can occur when individuals or institutions are protected from the negative outcomes of their decisions, often due to the presen Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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