A market in which competition and entry are restricted by the granting of a public franchise, government license, patent, or copyright is called a

The figure above shows the marginal social costs (MSC), marginal private benefits (MB), and marginal social benefits (MSB) of college education in Inland

If Inland's government does not intervene, and the colleges are competitive, the deadweight loss is A) zero. B) $100 million per year. C) $200 million per year. D) $300 million per year.

Potential problems with incentive based compensation are

a. not evaluating the relevant performance measures b. rewarding outcomes that are not included in the performance evaluation c. not granting rewards for meeting performance measures d. all of the above