4. What is meant by the Adverse Selection Problem: a. Customers who seek (apply) for insurance policies are less likely to be the most in need of coverage (to claim); b. Customers are foolish with insurance policies often choosing expensive policies they do not need; c. Insurance companies often invest in securities that are too safe to provide the income needed to meet their expected claims; d. Customers who seek (apply) for insurance policies are more likely to be the most in need of coverage (claim)