________ occurs when actions taken by one party to a transaction are different from what the other party expected at the time of the transaction.

Name: ________ occurs when actions taken by one party to a transaction are different from what the other party expected at the time of the transaction.
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Question

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Moral hazard occurs when one party to a transaction changes their behavior in a way that is not anticipated by the other party, often because they do not bear the full consequences of their actions.

________ Occurs When Actions Taken by One Party to a Transaction