Refer to the table above. If the rental price of machines is $100 per day, up to how many machines should the firm rent to maximize profits?

Products that have inelastic demand have many substitutes

Indicate whether the statement is true or false

Moral hazard:

A. is a normative judgement about the moral choices made by economic agents. B. is about actions and occurs after the parties have voluntarily entered into an agreement. C. is always present when adverse selection arises. D. All of these statements are true.