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

Monopolistic competition, Lorie teaches singing.Herr fixed cost are $1000 a...

Lorie teaches singing.Herr fixed cost are $1000 a month,and it costs her $50 of labor to give one class.the table shows the demand schedule for lorie''s singing lessons. Price

Market competition., explain why policies for promoting market competition ...

explain why policies for promoting market competition are desireable

Periodic table, Chemical properties of p block elements

Chemical properties of p block elements

Theory of consumer behavior, THEORY OF CONSUMER BEHAVIOR: It is genera...

THEORY OF CONSUMER BEHAVIOR: It is generally observed that market aggregate demand curve for a commodity is downward sloping, given other things. Our problem is to investigate

Demand and supply, how to draw a table of the demand and supply scdule

how to draw a table of the demand and supply scdule

Micro economics, If the Bank of England wanted to discourage investment spe...

If the Bank of England wanted to discourage investment spending and reduce aggregate demand, it could? A. reduce the required reserve ratio B. sells securities on the open m

Shifts in supply and demand, Shifts in Supply and Demand When supply an...

Shifts in Supply and Demand When supply and demand vary at the same time, the impact on the equilibrium price and quantity is known by: 1. The shape of the supply and dema

Theory of supply, how to make attractive assignment on theory of supply

how to make attractive assignment on theory of supply

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd