Describe either an adverse selection or moral hazard problem a company is facing.What is the source of the asymmetric information? Who is the less-informed party?Are there any wealth-creating transactions not consummated as a result of the asymmetric information? If so, could you consummate them? What
advice/recommendations would you give the company?

chapter 17-20

Froeb, L. M., McCann, B. T., Shor, M., & Ward, M. R. (2018). Managerial economics: A problem-solving approach (5th ed.). Boston, MA: Cengage Learning.