Statements 2nd and 3rd are true for this example. Here the consumer is not fully informed. Since information assymetry is there he can consider rakita other dentists' opinion.
Because his dentist has more information, he may not be getting optimal care. Therefore, statement third is also correct.
QUESTION 7 Peter has a really terrible toothache and decides to go and see Marge, his...
FOR QUESTION 7 I AM NOT SURE ABOUT THE SECOND OPTION OR IF THERE IS ANOTHER OPTION (IS NOT ONLY ONE ANSWER, YOU CAN CHOOSE MANY ANSWERS). FOR QUESTION 8 I AM NOT SURE ABOUT THE SECOND STATEMENT NOT SURE IF IS MORAL HAZARD OR COSTLY TO FAKE PRINCIPLE QUESTION 7 2 Peter has a really terrible toothache and decides to go and see Marge, his dentist. Marge recommends Peter has all his back teeth removed and a partial denture...