Fast Copy is a perfectly competitive firm. The figure above shows Fast Copy's cost curves. If the market price is 4 cents per page, what is Fast Copy's profit maximizing level of output?

Explain how the volunteer's dilemma is a special case of the public goods problem in which the possibility exists that no one will end up providing the public good

What will be an ideal response?

Unscrupulous managers have learned ways to manipulate stock options and undermine their benefits to stockholders. Discuss some provisions that could be built into the process to curb such practices