McqMate
| Q. |
Adverse selection arises because |
| A. | insurance buyers have more information than insurance sellers. |
| B. | insurance sellers have more information than insurance buyers. |
| C. | individuals can select which insurance company to patronize. |
| D. | insurance companies can exercise too much control over who they insure. |
| Answer» A. insurance buyers have more information than insurance sellers. | |
View all MCQs in
MicroEconomics, Theory and Applications 2No comments yet