SophiaPretty

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About SophiaPretty

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Accounting,Algebra See all
Accounting,Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Economics,Engineering,English,Environmental science,Essay writing Hide all
Teaching Since: Jul 2017
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  • MBA,PHD, Juris Doctor
    Strayer,Devery,Harvard University
    Mar-1995 - Mar-2002

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  • Manager Planning
    WalMart
    Mar-2001 - Feb-2009

Category > Business & Finance Posted 05 Sep 2017 My Price 4.00

There are two individuals with demand

There are two individuals with demand for streetlights QD1= 150-P        QD2= 200-P       The marker supply is perfectly elastic at p=130.
a) what is the price and quantity of streetlights if market is competitive?
b) what is the socially optimal price and quantity of streetlights?
c) why is a public good considered a market failure?

Answers

SophiaPretty
(5)
Status NEW Posted 05 Sep 2017 09:09 AM My Price 4.00

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