Car companies offer certified pre-owned vehicles to reduce the problem of moral hazard.

Name: Car companies offer certified pre-owned vehicles to reduce the problem of moral hazard.
Brand: Quizplus
Rating: 4.9 (49 reviews)

Question

Quizplus · Accepted Answer

Certified pre-owned programs primarily aim to assure buyers of the quality and reliability of used vehicles, rather than addressing the issue of moral hazard, which relates to changes in behavior when one party is insulated from risk.

Car Companies Offer Certified Pre-Owned Vehicles to Reduce the Problem