On the graph for a monopolist’s losses, the total loss is shown by ______.

_____ is the price paid by the insured to sell the risk to the insurer, which must cover the expected payout if a disaster occurs

a. Insurance interest b. Insurance coverage c. Insurance bonus d. Insurance premium

Prisoner's dilemma games imply that cooperative behavior between two people or two firms always breaks down. But reality teaches us that people and firms often cooperate successfully to achieve their goals. Why do the results from prisoner's dilemma

games fail to predict real-world results? A) Prisoner's dilemma games do not permit people or firms from reneging on agreements, which often occurs in real-word situations. B) The prisoner's dilemma does not apply to most business situations that are repeated over and over. C) Prisoner's dilemma games predict the behavior of people and firms that engage in illegal activity; most people and firms do not resort to illegal activity. D) Most real-world situations involve more than two people or firms; the prisoner's dilemma is only applicable to situations that involve two parties.