What situation arises when government positions are filled with people who have close ties to the group they are supposed to regulate?

Which of the following costs are part of a firm's opportunity costs? I. costs for resources bought in markets II. costs for resources the firm owns III. costs for resources supplied by the owner

A) I and II B) I and III C) I only D) I, II, and III

The superstar effect is that

A) the supply of superstars is more elastic than that for average players. B) the labor market cannot create equilibrium wages for the best players. C) the demand for a few players is relatively greater than the demand for most other players. D) none of these choices.