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Which scenario is the best example of moral hazard? A. Drivers (consumers) who already got insured take careless maneuvers and speed more than before being insured. B. Car insurance companies

Which scenario is the best example of moral hazard?

  A.

Drivers (consumers) who already got insured take careless maneuvers and speed more than before being insured.

  B.

Car insurance companies lower their premiums to keep more low-risk (good) drivers.

  C.

Car insurance companies offer a very low premium so they can get many low-risk (good) drivers consumers.

  D.

Car insurance companies don’t know which of the consumers is high-risk (bad) drivers or low-risk (good) drivers.

Aug 22 2021 View more View Less

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