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Consider the market for crop insurance. Farmers can purchase this insurance and it provides a payoff if the farmer's crop fails. In general, crop insurance

Consider the market for crop insurance. Farmers can purchase this insurance and it provides a payoff if the farmer's crop fails. In general, crop insurance markets haven't been very successful. Two possible asymmetric information problems are (a) adverse selection, and (b) moral hazard. Please explain clearly what each of these would be in the context of crop insurance.

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