Refer to Figure 4-10. What area represents the deadweight loss after the imposition of the ceiling?

Refer to the scenario above. This is an example of a(n) ________

A) extensive-form game B) simultaneous-move game C) zero-sum game D) mixed strategy game

The benefits received principle would not work well in which of the following cases?

a. gasoline tax b. national defense c. taxing those people who use a private good d. admission fees to a national park