Which of the following is an example of adverse selection?
◦ Individuals with possessions that are costly to replace are more likely to insure them against accidental damage.
◦ Individuals who have a history of not being careful with their possessions are more likely to insure them against accidental damage.
◦ Individuals with makes of cars that are widely known to be the target of car theft are more likely to insure their car.
◦ All of the above