The tendency for people who have good health insurance to take more risks with their health is called adverse selection.

The opportunity cost of doing something can be defined as the value of the next-best alternative

Indicate whether the statement is true or false

According to the above figure, if the firm is earning zero economic profits, what quantity is the firm selling and at what price?

A) Q = 200; P = $4 B) Q = 1,000; P = $5 C) Q = 800; P = $4 D) Q = 1,200; P = $7