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What causes crispy bread to become soft or soggy?
Adverse Selection
A situation in financial markets where buyers and sellers have different levels of information, leading to transactions that favor the party with more or better information.
Adverse Selection
A situation where asymmetric information leads to the selection of poor risks, often seen in insurance markets.
Pre-contractual Problem
Issues that arise before the formation of a contract, often relating to the disclosure of information or negotiation terms.
Incentive Compensation
A form of pay linked to an employee's performance, designed to motivate and reward that performance.
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