Suppose that the insurance market is competitive with free entry and exit. Competitive forces therefore lead insurers to sell insurance at the actuarially fair price. How many people buy insurance? What is the consumer surplus for the 250 people who are more risk-averse? What is it for the 250 people who are less risk-averse? What are insurers’ expected profits?

John has served as the chief operating officer (coo) for business graphics, inc., a publicly owned firm, the past 5 years. which of the following statements about john is correct? both john and the ceo of business graphics must certify to the sec that the firm's financial statements are accurate. as the coo, john will be ranked higher than the ceo but still below the cfo. in john's postition as the coo, it is highly unlikely that he would also be the chairperson of the board of directors. as the coo, john would typically be involved with accounting, finance, and asset purchase decisions.