Multiple Choice
Which of the following is an example of an adverse selection problem?
A) A customer purchases four apples, two of which are bruised.
B) A card shop puts its Halloween merchandise on sale on November 1st.
C) A young job applicant fails to reveal that she was fired from her last job because she was incompetent.
D) A man rents a car and then drives it less carefully and fills it with cheaper gas than he would if he owned it.
Correct Answer:
Verified
Correct Answer:
Verified
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