Refer to the scenario above. What is the probability of getting tails?

What is the Herfindahl-Hirschman index (HHI) in this market?

a. 1550 b. 1650 c. 1750 d. 1850

The benefit to employers of deferred payments is that

A) adverse selection is eliminated. B) employers cannot engage in any opportunistic behavior. C) these payments raise the cost of being fired, so more monitoring is needed. D) these payments raise the cost of being fired, so less monitoring is needed.