If reckless drivers are more likely than safe drivers to buy automobile insurance, then a moral hazard problem has occurred

In monopolistically competitive industries

A) non-price competition through product differentiation is actively pursued by firms. B) product variety is the same as in perfectly competitive industries. C) firms do not respond to changes in consumer demand. D) firms' economic profits are protected by barriers to entry.

Refer to above figure. The lowest specific tariff which would be considered prohibitive is ________

Fill in the blank(s) with correct word