A monopolist claims his profit-maximizing markup factor is 10. What is the price elasticity of demand for the firm's product?

Refer to Table 4-3. The table above lists the marginal cost of polo shirts by Marko's, a firm that specializes in producing men's clothing. If the market price of Marko's polo shirts is $30, producer surplus is

A) $0. B) $16. C) $52. D) $68.

Tools to help solve the adverse selection problem in financial markets include all of the following EXCEPT

A) diversification. B) government regulations to increase information. C) the use of financial intermediaries. D) the private production and sale of information.