Please enable JavaScript.
Coggle requires JavaScript to display documents.
1.3 Public goods and information gaps., ADV AND DIS OF PUBLIC GOODS.,…
-
-
-
-
-
-
MORAL HAZARD- This is when the person taking out the insurance is more likely to take the risk as the cost is covered by the insurer.
ADVERSE SELECTION- The 'good consumers' in the market drop out as the price is made high due to the behaviour of other consumers.