Question: The main difference between adverse selection and moral hazard is: The former is an information asymmetry problem and the latter is not. The former happens

The main difference between adverse selection and moral hazard is: The former is an information asymmetry problem and the latter is not. The former happens before a contract and the latter happens after. The former is not an information asymmetry problem and the latter is. The former happens after a contract and the latter happens before

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