1. EE #18: Mixed Market How much grain is being made at Pt. D?
How much corn is being made at Pt. D?
What happens to the amount of grain being produced as the curve moves from Pt C to Pt F?
4. Why would a farmer NOT want to be producing at Pt A?

2. Mixed Market
Gov regulates some aspects of economy, but mostly a free/pure market
What are some of the things the gov does to regulate our economy?

3. MIX! Private Property Rights: you can own things
Intellectual Property Rights:
Patent
Copyright
Trademark
Gov protects your ownership

4. Monopoly / Trust Antitrust laws: break up monopolies
Promote competition
Keep prices low
Any monopolies today?

5. Natural Monopoly
Electricity
Water
Called public utilities

6. Public Goods: owned by gov
Provided for all (via taxes)
National Defense / military
Park
Schools

7. Would you want a nuclear energy plant in your neighborhood?

8. Regulate Externalities
Affect ppl other than buyers & sellers
Negative externalities: pollution
Positive ext. : vaccinations