Refer to the above figure. The market supply and demand curves in a perfectly competitive market intersect at $4. Which of the graphs represent the situation for an individual firm?

Special interest legislation is inefficient because of logrolling

a. True b. False

A system financed primarily through retrospective fee-for-service insurance reimbursement is:

a. A closed system. b. An open-ended system. c. A cost-plus system d. An efficient system. e. Both b and c.