Examlex
When government action leads to inefficiency, it is known as
Low-Quality Goods
Products that do not meet the standard expectations of functionality, durability, or appearance imposed by consumers or regulatory agencies.
Adverse Selection
A situation in commercial markets where the seller has more information than the buyer, often leading to the buyer unknowingly choosing inferior products or terms.
Inadequate Coverage
Refers to insurance policies that do not provide sufficient protection against losses.
Complex Information
Information that is intricate due to its structure, content, or presentation, often requiring specialized knowledge to understand.
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