Rick was charged $200 while applying for an insurance claim for his damaged car. This is an example of ________

Generally speaking, income inequality is

A) higher in Europe than in the United States. B) higher in the United States than in most of the developing world. C) extremely high and does not vary much between nations in the developing world. D) higher in the developing world than in the developed world.

The figure above shows the demand, marginal revenue, and marginal cost curves for Paul's Parrot Pillows, a single-price monopoly producer of pillows stuffed with parrot feathers. When Paul maximizes his profit, the price per pillow is

A) $70. B) $60. C) $40. D) $100. E) $30.