Q. Adverse selection occurs when there is (Solved)
1. full information.
2. an unobserved behaviour.
3. an unobserved characteristi
4. a worker who shirks because his boss does not watch him.
- c. an unobserved characteristic.
1. full information.
2. an unobserved behaviour.
3. an unobserved characteristi
4. a worker who shirks because his boss does not watch him.