When both players in a zero-sum game play their ideal strategies, the expected payoff for each player is zero

Which of the following is a problem that arises in a health insurance market?

A) There are a large number of buyers of various insurance programs. B) There exists a fierce competition between the insurance providers. C) A disproportionate number of high-risk individuals are attracted to buy insurance. D) Only risk-averse individuals buy insurance.

Economic rent is defined as

A) the price of a factor of production that is fixed in supply. B) the surplus received by employing a factor of production in its highest-valued use. C) the revenue received by a factor of production with an upward-sloping supply curve. D) what you pay to rent your apartment or house.