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Benefits of restricting business risk to the owners

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Reference no: EM133669297

Question 1. Discuss the benefits of restricting business risk to the owners.

Question 2. This question will be sent to your instructor for grading. Assume that both the supply of bottled water and the demand for bottled water rise during the summer but that supply increases more rapidly than demand. What can you conclude about the changes in equilibrium price and equilibrium quantity?

Question 3: Why is there a free-rider problem with public goods?

Question 4: What are the basic differences between behavioral economics and traditional economic theory about consumer behavior?

Reference no: EM133669297

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