An unregulated natural monopolist would produce to the point at which

Dane has a car valued at $20,000 that gives him a utility of 80. There is a 5 percent chance that he will have an accident that will make his car worthless, in which case his utility will be zero. His utility from a wealth of $15,000 is 76

The maximum amount Dane will be willing to pay for insurance is A) $1,000. B) $3,000. C) $5,000. D) $15,000.

The Gini coefficients for land ownership inequality are often substantially higher than the Ginis for household incomes in low income countries

Indicate whether the statement is true or false