a chronically ill person opts to purchase health insurance without disclosing his or her illness. what type of asymmetric information is this? moral hazard screening adverse selection signaling assuming the insurance company either never discovers the deception or that it cannot change the policy after discovering the deception, what is the result? the market unravels. insurance premiums become relatively cheaper. the company would not accept the application. the rest of the insured cover the cost. no effect
