Compare the goals and policies associated with market-based and community-based approaches to recovery in New Orleans since Hurricane Katrina. Explain how specific aspects of a market-based approach to recovery served to reproduce patterns of racially differentiated risk in the city, and describe at least one way in which advocates of a community-based approach to recovery have challenged market-based policies. Use at least one example from lecture or readings to illustrate your point.

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.