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According toGeorge Akerlof's article, The Market for 'Lemons': Quality Uncertainty and the Market Mechanism What are the implications of this issue for insurance, employment,

According toGeorge Akerlof's article, "The Market for 'Lemons': Quality Uncertainty and the Market Mechanism

  • What are the implications of this issue for insurance, employment, fraud, or credit markets in developing countries? (Choose one).
  • What are some ways markets can overcome this kind of adverse selection problem without resorting to government intervention?

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