Multiple Choice
Which of the following best illustrates the adverse selection problem?
A) a professional football team that consistently drafts poor players
B) an economic agent who engages in risky behavior once a loan is received
C) an individual who hides a pre-existing condition from a health insurer
D) an individual who experiences a lost of income by not working while attending college
Correct Answer:
Verified
Correct Answer:
Verified
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