One result of asymmetric information in health insurance markets is:

a. adverse selection.
b. an optimal number of insurance policies sold.
c. externalities in consumption.
d. the principal-agent problem.
e. a low marginal benefit of additional information for the buyer of insurance.


a. adverse selection.

Economics

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The price elasticity of a vertical demand curve is always

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Answer the following statement true (T) or false (F)

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An unexpected increase in aggregate demand typically causes

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Economics