Suppose someone is concerned that money spent on one children's program could be more effectively spent on another program. She is describing

Which of the following is an example of a way in which an oligopolistic firm can escape the prisoner's dilemma?

A) advertising that it will match its rival's price B) ignoring the pricing decisions of the other firms C) producing more of its product D) reneging on a previous tacit agreement with rival firms to charge identical high prices

An individual will never buy complete insurance if:

a. he or she is risk averse. b. insurance premiums are unfair. c. he or she is a risk taker. d. insurance premiums are fair.