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Eduncle posted an MCQ
March 01, 2020 • 00:18 am 0 points
  • UGC NET
  • Economics

In which of the following products, problem of adverse selection is encountered ?

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    Eduncle Best Answer

    Adverse selection refers to generally to a situation in which sellers have information that buyers do not have or vice versa, about some aspect of product quality. Examples : Market of credit and insurance.

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