The residents of the town ectenia all love economics, and the mayor proposes building an economics museum. the museum has a fixed cost of $2,400,000 and no variable costs. there are 100,000 town residents, and each has the same demand for museum visits: qd=10−pqd=10−p , where pp is the price of admission.

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

answerbland allison silver purchase act);