Fred's demand schedule for movie DVDs is as follows: At $30, he would buy 1; at $25, he would buy two; at $15, he would buy 3; and at $10, he would buy 4 . If the price of movie DVDs equals $25, the consumer surplus Fred receives from purchasing movie DVDs would be:
a. zero.
b. $5

What is meant by the term "government-imposed barrier to entry"? Why would a government be willing to impose barriers to entering an industry?

What will be an ideal response?

The foundational principle that makes insurance companies work is called:

A. risk assignment. B. risk analysis. C. catastrophic causation. D. risk pooling.