Determining the price of compact discs is a concern of:

Jackson buys an automobile insurance policy and then decides to drive recklessly because he knows he is insured in case he has an accident. This describes the problem of

A) adverse selection. B) asymmetric information. C) moral hazard. D) risk pooling.

________: as successive units of a variable input are added to a production process with the other inputs held constant, the marginal physical product eventually decreases

Fill in the blank(s) with correct word