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In your own words: 1. Describe what is meant by asymmetric information 2. Describe how the problem of asymmetric information may affect the demand and

In your own words: 1. Describe what is meant by "asymmetric information" 2. Describe how the problem of asymmetric information may affect the demand and pricing for health insurance. 3. Explain how the problem of asymmetric information is related to adverse selection

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