Part+1,+Unit+2

Pick two firms that produce comparable products. One firm must be a private firm (preferably one that has competitors) and the other firm must be a public firm. For example, among U.S. firms, one could pick the U.S. Postal Service and Federal Express.
 * [|Assignment (Parts 1 & 2)]**

For each firm, answer the following questions (in each case, report the average for the previous five years): 1) What is the firm's annual profit? 2) How many units of product does the firm produce annually? 3) What is the typical price the firm charges?

In your opinion, which firm represents a better use of society's resources? Why?