The change in behaviour that results from the presence of insurance is referred to as moral hazard.
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Q1: A firm wishes to buy fire insurance
Q2: Insurance allows the firm to exchange a
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Q5: A firm wishes to buy fire insurance
Q6: In a perfect capital market,a company will
Q7: Because insurance pays off in bad times,it
Q8: Insurance for large risks that cannot be
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Q10: A firm wishes to buy fire insurance
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