15. What is the difference between substitutes and complements? Indicate two goods that are substitutes for each

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15. What is the difference between substitutes and complements?

Indicate two goods that are substitutes for each other. Indicate two goods that are complements.

16. *Do business firms operating in competitive markets have a strong incentive to serve the interest of consumers? Are they motivated by a strong desire to help consumers? Are “good intentions”

necessary if individuals are going to engage in actions that are helpful to others? Discuss.

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Macroeconomics Private And Public Choice

ISBN: 9781111970628

14th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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