Evidence of Asymmetric information

Can someone please help me in finding out the accurate answer from the following question. The Extensive fire damage in a neighborhood where almost everyone has fire insurance is an apparent evidence of: (1) Cost inflation in service sector. (2) Ineffective resource allocation. (3) Insurance fraud. (4) Moral hazard. (5) None of above.

View Complete Question

Related Questions in Microeconomics

Q : Determine demand when total revenue and

When raising ticket prices for Brad Paisley concert tickets raises total ticket revenue, in that case the demand for the concert tickets: (i) perfectly price inelastic. (ii) relatively price inelastic

Q : Total costs incur by profit-maximizing

Hybrid Roses is the merely florist in 60 miles of Presidio, Texas. When total fixed costs (for example, rent and utilities) are $9 per hour, that profit-maximizing monopolist will incur total costs of around: (w) $20 per hour. (x) $27

Q : Sole Proprietorships and Partnerships

Can someone please help me in finding out the precise answer from the following question. Relative to corporations, drawbacks to the owners of sole partnerships and proprietorships comprise: (i) Unlimited liability. (2) Extreme government regulation. (3) Limited

Q : Stronger Incentives for Productive

Compared to the requirement and equity standards, the contribution standard of income distribution refers to: (1) generate the weakest incentives for production. (2) best provide for people in poverty. (3) be most compatible along wit

Q : Exploitation and Competitive Markets

The removal of exploitation of labor (or wage payments beneath the value to the society of each and every individual worker’s productive contribution) is automatic when business decision makers: (1) Should set wages via collective bargaining agreements by labor

Q : Short-run shutdown price The short-run

The short-run shutdown price arises where price: (w) equals AFC at the minimum. (x) is below ATC and above AVC. (y) equals AVC at its minimum point. (z) is above MR. Hey friends please give your opinion for the pro

Q : Assumption of Ceteris paribus Can

Can someone help me in finding out the right answer from the given options. Suppose that everything except the variables we are studying remains constant or steady is termed as the: (1) Ceteris paribus assumption. (2) Ex-ante assumption. (3) Ex-post assumption. (4) Po

Q : Short run market supply curve for a good

A short run market supply curve for a good manufactured within a purely competitive industry is derived through: (w) vertically summing the marginal cost curves above the AVC curves for all firms which may potentially enter the industry. (x) adding to

Q : Case of heroin in public policies When

When heroin were legalized in that case: (w) its price would fall and fewer addicts would connect in crime to support their habits. (x) the attractiveness of becoming a supplier would increase. (y) more people might experiment along with the drug since the price is re

Q : Estimate monthly total cost by

When Robomatic Corporation maximizes profit within its production of RoboMaids, so its monthly total costs will be around: (i) $40 million. (ii) $65 million. (iii) $90 million. (iv) $105 million. (v) $130 million.

Discover Q & A

Leading Solution Library

Avail More Than 1448514 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1953553
Asked

3,689

Active Tutors

1448514

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment