Question

Moral Hazard reflects the ???​

Answer 1

Answer:

Definition: Moral hazard is a situation in which one party gets involved in a risky event knowing that it is protected against the risk and the other party will incur the cost. It arises when both the parties have incomplete information about each other. ... This economic concept is known as moral hazard.

Answer 2

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Moral hazard is a situation in which one party gets involved in a risky event knowing that it is protected against the risk and the other party will incur the cost. It arises when both the parties have incomplete information about each other. ...

This economic concept is known as moral hazard.