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dverse selection and moral hazard are problems caused by asymmetric information. Explain their difference with reference to real daily examples.

Microeconomics

13th Edition

ISBN:9781337617406

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter17: Market Failure: Externalities, Public Goods, And Asymmetric Information

Section17.5: Asymmetric Information

Problem 1ST

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