Do these frauds illustrate adverse selection or moral hazard

Reference no: EM131330823

According to a 2007 study by the Federal Trade Commission, 4.8 million U.S. consumers were victims of weight-loss fraud, ranging from a tea that promised to help you shed the pounds to fraudulent clinical trials and fat-dissolving injections. Do these frauds illustrate adverse selection or moral hazard?

Reference no: EM131330823

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Do these frauds illustrate adverse selection or moral hazard : According to a 2007 study by the Federal Trade Commission, 4.8 million U.S. consumers were victims of weight-loss fraud, ranging from a tea that promised to help you shed the pounds to fraudulent clinical trials and fat-dissolving injections.

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