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How does scarcity of resources affect firm's decision making? Justify your answer by providing real life situation. (5 points) How do you see the partnership
- How does scarcity of resources affect firm's decision making? Justify your answer by providing real life situation. (5 points)
- How do you see the partnership between government and firms in producing public goods (i.e. Public-Private Partnership: Bulacan International Airport Project, Cavite-Laguna Expressway (CALAX), Mindanao I Geothermal Plant and etc.)? Discuss the implications of this economic decision both on the part of the government and firms. Justify your answer.
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