If there isn't sufficient information available, then which of the following approaches to reduce conflicts of interest will have the lowest probability of working?

If perfectly competitive firms are making an economic profit, the economic profit

A) attracts entry by more firms, which lowers the price. B) can be earned both in the short run and the long run. C) is less than the normal profit. D) leads to a decrease in market demand. E) generally leads to firms exiting as they seek higher profit in other markets.

A draft system, whether in professional sports or the military, enables the people who are hiring to avoid paying their employees

A) a living wage. B) the true value of their labor. C) what others are willing to pay them. D) what they want to be paid.