Is there an adverse selection problem in a transaction, Microeconomics

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Is there an adverse selection problem in a transaction

Problem

Mary is an 18-year-old student, who recently bought a used car. Mary is looking to buy car insurance. Insurance companies compete for her business.

Is there an adverse selection problem in a transaction between Mary and an insurance company? Explain why or why not.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Is there an adverse selection problem in a transaction

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