question archive A situation in which one side of an economic relationship takes undesirable or costly actions that the other side of the relationship cannot observe is called: A
A situation in which one side of an economic relationship takes undesirable or costly actions that the other side of the relationship cannot observe is called: A
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A situation in which one side of an economic relationship takes undesirable or costly actions that the other side of the relationship cannot observe is called:
A. an injunction.
B. moral hazard.
C. thick markets.
D. adverse selection.
Option 1
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