The graph represents the cost and revenue curves faced by a monopoly. What profit is the monopolist earning?

Consider a hypothetical used car market in which fifty percent of the cars for sale are low-quality cars and fifty percent of the cars for sale are high-quality cars. Buyers know that half of the cars are high quality and half are low quality, but they do not know which individual cars are high quality and low quality. Sellers know whether their cars are high quality or low quality. Buyers are willing to pay at most $2,000 for a low-quality car and at most $8,000 for a high-quality car. Sellers of low-quality cars have a willingness to sell of $1,500. Sellers of high-quality cars have a willingness to sell of $7,000. Which one of the following statements is true?

Price discrimination exists

Employers can minimize moral hazard in many ways. Which one of the following is not one of those ways?

Firms that are faced with repeating games, such as the prisoner’s dilemma,

If a monopolistically competitive firm is earning profits in the short run, then the entry of competing firms into the market will

A market that consists of a few large firms and has barriers to entry

Which one of the following statements about moral hazard is true

People with auto insurance tend to drive less carefully. Economists use this as an example of

Price discrimination is