Determines price and output in the long run, Microeconomics

Assignment Help:

Problem 1:

(a) Differentiate between positive and negative externalities? Justify your answer using examples.

(b) To what extent do government policies influence externality?

Problem 2:

(a) Explain how in economic theory a perfectly competitive firm determines price and output in the long run.

(b) ‘A monopolist is inefficient as compared to a perfectly competitive firm'. Discuss.

Related Discussions:- Determines price and output in the long run

Limitations of the services sector, Limitations of the Services Sector: ...

Limitations of the Services Sector: The services sector in India, as at present, suffers from low productivity and low quality in spite of fairly large investment in technolog

Economic profit in a monopoly 2006 ap exam, is it just assumed that a monop...

is it just assumed that a monopoly graph is showing economic profit instead of accounting profit

#question.Question: Answer all parts (a, Consider the following insurance m...

Consider the following insurance market. There are two states of the world, B and G, and two types of consumers, H and L, who have probabilities pH =0.5 and pL =0.25 (high and low

Emulating the private sector, Emulating the Private Sector: The princi...

Emulating the Private Sector: The principle of corporate governance need be applied to the BW institutions. IMF The most important issue to how to reform the countries

Baumol theory, appraise baumol`s sales revenue maximazation theory as an al...

appraise baumol`s sales revenue maximazation theory as an alternative of the firm

Industry''s long-run supply curve, The Industry's Long-Run Supply Curve ...

The Industry's Long-Run Supply Curve * Long-Run Elasticity of Supply 1) Constant-cost industry Long run supply is horizontal Small increase in price will induc

Help, #questioSuppose the US and Mexico both produce semiconductors and aut...

#questioSuppose the US and Mexico both produce semiconductors and auto parts and the US has a comparative advantage in semiconductors while Mexico has a comparative advantage in au

Microeconomics, Define the concept of cross elasticity of demand

Define the concept of cross elasticity of demand

Statistics, please can you explainn what "down 0.1 percentage point on the ...

please can you explainn what "down 0.1 percentage point on the quarter means"?

Lending operations of world bank, Lending Operations of World Bank: Re...

Lending Operations of World Bank: Resources of the Bank consist of the capital and borrowings. The capital of the bank is contributed by its 184 member-countries. Besides,

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages