Question: With regards to adverse selection and moral hazard problems: The former takes place prior to a contract, whereas the latter takes place after a contract.

With regards to adverse selection and moral hazard problems:
The former takes place prior to a contract, whereas the latter takes place after a contract.
The former takes place after a contract, whereas the latter takes place prior to a contract.
The former is the result of a top-down conflict, whereas the latter is due to a bottomconflict in an organization.
The former is the result of a bottom-up conflict, whereas the latter is due to a top-dow conflict in an organization.
With regards to adverse selection and moral hazard problems: The former

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