Question

After attending medical school, Georgiana has decided to encourage all of her family members to see her for their healthcare needs because she knows their health problems and has an incentive to keep them alive and as healthy as possible. What type of asymmetric information problem is Georgiana trying to correct by having her family members see her for care

Answer 1

principal-agent problem

Step-by-step explanation:

Principal-agent problem: The term "principal-agent problem" is described as a conflict or dispute in priorities between a group or an individual and the representative that are being authorized to act or behave on their behalf. However, an agent can act in a certain way that is opposite to the best and actual interests of the "principal". Thus, the "principal-agent problem" is considered as varying as much as the feasible roles of agent and principal.

In the question above, the given statement represents the "principal-agent problem".