If the government wishes to provide a natural monopolist with a "fair" rate of return, it will force the firm to set

In recent years the life insurance industry has emphasized

A) whole life policies. B) group insurance. C) less risky investments. D) the purchase of short-term assets.

In a coin toss bet, where both heads and tails are equally likely, you win a $3 on heads but lose $1 on tails. The expected value of the bet is

a. $0.50 b. -$0.50 c. $1.00 d. $0.00