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Author Question: Adverse selection is a situation in which asymmetric information results in low-quality goods or ... (Read 42 times)

lidoalex

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on: Apr 19, 2019

Question 1

Relating to the 
Economics in Practice on page 360: The smart phone app which allows skiers at a slope to report weather conditions to others could be considered a form of


◦ moral hazard.
◦ market signaling.
◦ asymmetric information.
◦ risk-loving.

Question 2

Adverse selection is a situation in which asymmetric information results in low-quality goods or low-quality consumers being squeezed out of transactions because they are unable to demonstrate their quality.


◦ true
◦ false
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by lidoalex on Apr 19, 2019

epscape

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lidoalex

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Reply #2 on: Apr 19, 2019
Excellent


epscape

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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