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Adverse selection is a problem of Select one: a. All of the above. b. insurers being forced to charge a higher insurance premium to cover

Adverse selection is a problem of Select one:

a. All of the above. b. insurers being forced to charge a higher insurance premium to cover the costs of risk, leading to market unraveling because only the most risky buy the insurance. c. None of the above. d. hidden information about type/riskiness.

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