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Assignment
Recreation and Sports Equipment Corporation sells a product that is capable of seriously injuring consumers who misuse it in a foreseeable way Explain whether the firm owe an ethical duty to take this product off the market. Described conflicts that might arise if the firm's stops selling this product. Here you want to start by discussing ethical vs. unethical behavior.
Discuss how ethical behavior can sometimes generate sufficient good and will warrant practicing if one desires to see an increase in profits for the business. By the same token, you will want to discuss how unethical behavior can sometimes generate enough bad publicity to warrant avoiding and will have an impact on the business negatively. You' will want to also include examples to demonstrate your understanding of this concept.
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
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Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"
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