Under the perfectly competitive market structure, the demand curve of an individual firm is

The above figure shows the payoff to two firms in an industry deciding to make an investment in worker safety. The Nash equilibrium

A) is for just one of the firms to make the investment. B) is for both firms to make the investment. C) is for neither firm to make the investment. D) does not exist.

The goal of Medicare is to

A) help the poor and indigent pay their hospital bills. B) prevent poverty in urban cities. C) subsidize medical expenses for the elderly. D) subsidize costs incurred by doctors.