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Information economics Question one Define each of the following terms and explain (using examples) why they are major sources of market failure (or result in

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Information economics Question one Define each of the following terms and explain (using examples) why they are major sources of market failure (or result in inefficient markets). You can use examples from insurance markets, labour markets, or your daily engagements with your colleagues. a. Information asymmetry b. Moral hazard C. Adverse selection

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