Which of the following situations are likely to involve adverse selection? a. After receiving an emergency call

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Which of the following situations are likely to involve adverse selection?
a. After receiving an emergency call during class, a professor leaves students unsupervised for the rest of the period.
b. A course has a reputation for being an easy A, even though after the term begins, students realize that it isn’t.
c. A course is a requirement for physics majors but an elective for biology majors.
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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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