Multiple Choice
Adverse selection describes the situation that occurs when
A) people have perfect information.
B) high-quality products are driven from the market by low-quality products due to imperfect information.
C) actions that were expected to happen do not occur.
D) low-quality products are driven from the market by high-quality products because of imperfect information.
Correct Answer:

Verified
Correct Answer:
Verified
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