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The term adverse selection was originally used in the life insurance industry and refers to a situation in which: Select one: a. risk adverse individuals
The term adverse selection was originally used in the life insurance industry and refers to a situation in which:
Select one:
a. risk adverse individuals are more likely to buy insurance.
b. insurance includes a covenant clause.
c. information asymmetries exist between buyers and sellers.
d. those at greatest risk of loss are more likely to insure than others.
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