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Explain the type of asymmetric information problem

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1. Drivers with theft insurance are less likely to lock their car. Explain the type of asymmetric information problem this represents for insurance companies.

2. When a borrower uses a loan to buy lottery tickets, what type of asymmetric information problem does this represent for the lender? Explain briefly

3. Healthy people are less likely to buy medical insurance. Explain what type of asymmetric information problem this represents for the insurance company.

Reference no: EM132977035

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