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Question: Where does the demand curve of the large firm touch the P-axis? --> what is the intersection of the large firm's demand curve with the P-axis?
The market demand is P = -0.5Q+83.
The supply of the small firms is P = 0.4Q+45.
Have the answer to one decimal place.
Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.
Some commentators have argued that the failure of the “Super committee” is good thing for the economy? Do you agree?
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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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