In the above table, what is the minimum price that producers must be offered to produce the 200th brownie?

In the above figure for a monopolistically competitive firm, the profit-maximizing output and price are respectively

A) 80 units and $11. B) 50 units and $8. C) 60 units and $9. D) 60 units and $14.

Insurance works best in situations where there is

a. a high probability of a small loss. b. a low probability of a small loss. c. a high probability of a large loss. d. a low probability of a large loss. e. the level of probability and the size of the loss are irrelevant.