Do not use an answer more than once. Each of the following statements is wrong in some way. Provide a counter-argument based on economic rationale. Citizens will always want to vote because it is in their self-interest to do so. Monopolies will always lead to economic inefficiency.
Individuals always follow the tenants of rational choice making.
Provide short answers to each of the following questions. Auto insurance companies often offer different levels of coverage by setting different deductibles. Levels that offer less insurance are cheaper to the consumer. Consider an industry with, say, ten competing firms.