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A flood insurance market would have an adverse selection problem if: Group of answer choices All parties have the same information about flood risk. Homeowners

A flood insurance market would have an adverse selection problem if: Group of answer choices All parties have the same information about flood risk. Homeowners at higher risk of flooding are more likely to buy flood insurance. Homeowners at low risk of flooding are more likely to buy flood insurance. The insurer does not issue policies in high-risk flood areas

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