If R2 is less than 1 A) the regression analysis is incorrect. ...

[Beheh]

If R2 is less than 1
 
  A) the regression analysis is incorrect.
  B) the observation data is suspect.
  C) some observations do not lie on the regression line.
  D) the probability of having the correct fit is very low.

Question 2

If adverse selection exists in a market
 
  A) the government steps in and shuts it down.
  B) the market is considered a grey market.
  C) consumers may not participate in the market at all.
  D) total surplus is maximized.

[manuelcastillo]

Answer to Question 1

C

Answer to Question 2

C

[Beheh]

Thanks for the timely response, appreciate it

[bitingbit]

Great answer, keep it coming