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The concept of adverse selection helps to explain Select one: a. why collateral is not a common feature of many debt contracts. b. why large,
The concept of adverse selection helps to explain Select one: a. why collateral is not a common feature of many debt contracts. b. why large, well-established corporations find it so difficult to borrow funds in securities markets. c. why financial markets are among the most heavily regulated sectors of the economy. d. all of the above.
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