Using the following table, identify- the characteristics of adverse selection and moral hazard and when they are most likely to apply. For example, for the first item, which of bidden action or bidden information is more closely associated with adverse selection? Which is more closely associated with moral hazard?

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Adverse selection Moral hazard Hidden action or information? Information about past, present, or future? Associated with the market for "lemons" or insurance deductibles? Mitigation of information asymmetry involves risk sharing or full disclosure? Most closely associated with investment decisions or compliance with contractual terims? Creates demand for provision of relevant or reliable information?