Question
One observation we made this week was that consumer surplus is maximized at a price of zero.We also learned that this is impractical for market
One observation we made this week was that consumer surplus is maximized at a price of zero.We also learned that this is impractical for market provided goods. If this is the case (and it is), why then do we choose free markets over the public provision of an important good like high-speed internet?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
