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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?
Cite a minimum of 3 sources used for your market analysis research. REVIEW the SBA website regarding Market Analysis - Go to Starting & Managing - Starting a Business - Create Your Business Plan - Market Analysis. Review the Web Resources by Topic..
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What differences have you found between the spots?
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