How do we know that C14 decay's exponentially compared to linear
Here's an argument that might help: suppose, temporarily, that radioactive decay was linear. Let's say you started out with a sample, call it sample #1, of a billion atoms in a box, 5700 years ago (that's one half-life). By the current day, half of them would have decayed, so you'd have 500 million atoms left.
Now, let's say you take a different sample (sample #2) of 500 million atoms and put it in another box. Then wait 5700 years. According to the linear decay model, sample #1 would be entirely gone, but sample #2 would still have 250 million atoms. But if you think about it, that doesn't make sense, because if you jump back to the present, there is nothing to distinguish sample #1 from sample #2. Each of them consists of 500 million radioactive ${}^{14}\mathrm{C}$ atoms in a box. So there's no reason that sample #1 should behave any differently from sample #2. It doesn't "remember" that it came from an earlier sample of a billion atoms.
and have there been any studies to verify this?
I'm not sure if it has been explicitly verified for carbon 14, but using other radioactive elements with shorter half-lives, it has been verified probably hundreds of thousands of times over the past century or so that they decay exponentially. It's a pretty simple experiment: you just measure the number of atoms that decay in a short interval of time $\Delta t$ using a Geiger counter or something similar, then wait some time $T > \Delta t$, then again measure the number of atoms that decay in the interval $\Delta t$. The second measurement will give you fewer decays than the first, which is a sign of nonlinear decay. Making more measurements of this kind will reveal that the decay is exponential.
To see this quantitatively, you can basically just reverse the math in Chris's answer. Suppose that the number of atoms remaining after time $t$ is $N(t)$. The number of atoms which decay in a short time interval $\Delta t \ll t_{\frac{1}{2}}$ is, on average, $N(t) - N(t + \Delta t)$, which means that the rate of atoms decaying (i.e decays per minute) is
$$R(t) = \frac{N(t) - N(t + \Delta t)}{\Delta t} \approx -\frac{\mathrm{d}N(t)}{\mathrm{d}t}$$
For exponential decay, this means that
$$R(t) = -\frac{\mathrm{d}}{\mathrm{d}t}N_0 e^{-\lambda t} = \lambda N_0 e^{-\lambda t}$$
and for linear decay, it would be
$$R(t) = -\frac{\mathrm{d}}{\mathrm{d}t}(N_0 - \beta t) = \beta$$
So if radioactive elements underwent linear decay, the rate of decay would be constant, which is definitely not what is observed.
It's possible (and easy) to calculate that $t_{\frac{1}{2}} = \frac{\ln 2}{\lambda}$, so for elements that have a long half-life, $\lambda$ is pretty small. This means in turn that the decay rate $R(t)$ (what you measure) is low and can be difficult to detect. Furthermore, not only is $R(t)$ small, but the change in $R(t)$ over a medium-length period of time is even smaller. This is why direct measurements of the half life of ${}^{14}\mathrm{C}$ are somewhat tricky: the decay rate drops by only a hundredth of a percent per year. But I wouldn't be too surprised if it's been done. I can try to look for a reference if you like. (In practice, there are other ways to calculate the half-life indirectly.)