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What Is Adverse Selection

question 97

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What is adverse selection?


Definitions:

Ambiguity

The quality of being open to more than one interpretation; inexactness.

Language Community

A group of people who use the same system of language, symbols, or signs to communicate with one another.

Vague

Lacking clarity or preciseness in thought or expression; not clearly expressed or easily understood.

Ambiguous

Referring to language or statements that have more than one possible interpretation or meaning, often leading to confusion or misunderstanding.

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