We can consider the market for traveling to Mars to be missing, because no technology exists that

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We can consider the market for traveling to Mars to be missing, because no technology exists that allows this service to be bought and sold. Suppose that someone has invented space-travel technology that will enable this service to be provided. Figure 5P-13 shows the estimated market for trips to Mars. Calculate the surplus that could be generated by filling in this missing market.


Figure 5P-13:

Price ($ thousands) 330 300 270 240 210 180 150 120 90 60 30 10 30 40 50 60 70 80 90 100 Quantity (trips to Mars)

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Microeconomics

ISBN: 978-1259813337

2nd edition

Authors: Dean S. Karlan, Jonathan J. Morduch

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