Business, 07.01.2020 02:31 khristaviaaa

In the market for health insurance, asymmetric information problems arise because:
a. health insurance policies always include clauses that only the companies understand. b. privacy laws prevent the sellers of health insurance from asking buyers pertinent lifestyle questions. c. buyers of health insurance policies always know more about the state of their health than do the insurance companies. d. the sellers of health insurance require medical exams that give them more information than the buyers normally have

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In the market for health insurance, asymmetric information problems arise because:
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