Adverse selection is a situation where...

Group of answer choices:

One is not allowed by law to discriminate against bad risks even if one knows who they are.

One is not allowed to refuse service to customers.

After buying insurance one tends to be less careful about the insured risks.

One accidentally selects the wrong business partner.

One is at risk of attracting more low$-$quality$/$high$-$risk partners$/$customers than desired.Adverse selection is a situation where...

Group of answer choices

One is not allowed by law to discriminate against bad risks even if one knows who they are.

One is not allowed to refuse service to customers.

After buying insurance one tends to be less careful about the insured risks.

One accidentally selects the wrong business partner.

One is at risk of attracting more low$-$quality$/$high$-$risk partners$/$customers than desired.