A situation in which there is a reduction in quantity supplied to zero when there is the slightest decrease in price is

The above figure shows the marginal benefits and marginal costs of a college education. If colleges receive a $5,000 subsidy, then enrollment equals

A) 0. B) 10 million. C) 15 million. D) 25 million.

Adverse selection exists because ________

A) moral hazard exists B) asymmetric information exists C) of government regulation D) financial innovation continually occurs