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How asymmetric information

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Reference no: EM133062997

Consider the following statement:

  • Many police officer positions require the applicant to have a college degree even though the tasks of a police officer rarely call upon college course material.
  • Speculate on why police departments do not increase their applicant pool by dropping this requirement and how asymmetric information, moral hazard, and adverse selection are involved?

Reference no: EM133062997

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