In practice, insurance companies faced with adverse selection use which of the following strategies to deal with it?

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Insurance companies facing adverse selection can use signaling strategies, such as offering different insurance packages or pricing policies, to attract healthier, lower-risk individuals and discourage higher-risk individuals from purchasing their insurance products. Deductibles and co-pays are cost-sharing mechanisms that shift some of the financial burden to the insured and reduce the insurance company's risk exposure, but they do not necessarily address adverse selection. Moral hazard refers to the tendency of insured individuals to take higher risks or consume more healthcare services than they would have otherwise, once they are insured, and is unrelated to adverse selection.

In Practice, Insurance Companies Faced with Adverse Selection Use Which