Which of the following are examples of tools used to reduce adverse selection?
A) universal health coverage
B) dealer warranties
C) lemon laws
D) all of the above

Question

Quizplus · Accepted Answer

All of the choices listed are tools used to reduce adverse selection by either providing information, guaranteeing a minimum quality, or mandating coverage which helps in aligning the interests of buyers and sellers, thus reducing the problem of adverse selection.

Which of the Following Are Examples of Tools Used to Reduce