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What would happen if a law passed dictating

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Reference no: EM13942473

a. Create an original example to demonstrate how an individual or firm acting out of self-interest (seeking profits by offering goods or services in economic markets) must benefit consumers " even if they do not care about them - more than the competition in order to maximize revenues. Example: McDonald's campaign to supersize fries.

b. What would happen to the supply and demand of Super Bowl tickets if the government mandated that no more than $20 a ticket could be charged? What would happen if a law passed dictating that kindergarten teachers could make no less than $100,000 per year?

Reference no: EM13942473

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