If a hospital knows that an insurance company will pay for most of a patient's bill, the hospital has more of an incentive to require additional medical procedures and tests, even if the patient may not require them. This is an example of

Given the production possibilities schedule in the above table, a combination of 75 televisions and 60 personal computers

A) is attainable but involves the unemployment of some of society's resources. B) clearly illustrates the trade-off between televisions and computers. C) cannot be produced by society, given its current level of resources and production technology. D) can be produced only if society is willing to have some of its resources used inefficiently.

Monopolistically competitive sellers have some ability to influence the price of their products

a. True b. False Indicate whether the statement is true or false