If the inverse demand curve a monopoly faces is p = 100 - 2Q, MC is constant at 16, and the government imposes an $8 per unit specific tax on the monopoly, the deadweight loss due to both the monopoly and the tax is

Buying insurance is similar to

A) selling risk. B) irrationally avoiding life's risks. C) being a free rider. D) buying risk.

Entry causes ____ to increase and a firm's demand curve to ____

A) quantity supplied, fall. B) supply, rise C) supply, fall. D) demand, rise.