Someone who values a lottery at more than the expected value is ...

[fagboi]

Someone who values a lottery at more than the expected value is
 a. a risk lover
  b. risk neutral
  c. risk averse
  d. one who tends to play lots of lotteries

Question 2

A natural monopoly:
 a. is a monopoly in the production of raw materials.
  b. occurs when one firm can supply the entire market more cheaply than can a number of firms.
  c. is one result of a patent.
  d. necessarily involves inefficient pricing.

[juwms]

Answer to Question 1

a

Answer to Question 2

b