Important Terminologies
Quick practice
Question 1 of 5
What is Adverse Selection?
A
Adverse selection refers generally to a situation in which sellers have information that buyers do not have, or vice versa, about some aspect of product quality.
B
Adverse selection refers generally to a situation in which sellers don't have information that buyers do have, or vice versa, about some aspect of product quality.
C
None of these
D
Adverse selection refers generally to a situation in which sellers and buyers do not have information about some aspect of product quality.
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