In Figure 32.1, at the supported price-quantity combination where production is unlimited, and government buys the excess, the value to consumers is 

In the market for automobile insurance, adverse selection implies that

A) those who are insured might take greater risks. B) those who are uninsured might take greater risks. C) insured and uninsured alike will take greater risks. D) drivers with greater risks are more likely to buy insurance.

Monopolistic competition is common in: a. retail selling

b. farming. c. basic manufacturing. d. electric power generation.