When a firm's fixed costs increase it should raise its prices in order to maximize profits

Natural resource cartels such as OPEC are inherently unstable because their members operate with excess capacity and have an incentive to cheat on their output quotas

Indicate whether the statement is true or false

One reason health insurance is very expensive is because

A) it is likely a nearly fair insurance policy. B) it is subject to manipulation through market power. C) the government doesn't regulate the industry enough. D) it is likely an unfair insurance policy.