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Question:
(a) Using an example, differentiate between private, social and external costs and benefits.
(b) With the use of a diagram, describe the difference between profit maximizing level of output and socially desirable level of output in the presence of negative externality.
(c) Describe and determine the methods that the public and private sectors attempt to deal with negative externalities.
(d) Using appropriate examples, differentiate between merit and public goods.
explain diagrammatically the bains model of limit pricing.
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implications of varios market structure for price determination
how to write the conclusion,i am doing the nike company.
Returns to Scale in Carpet Industry * The carpet industry has grown from the small industry to large industry with some large firms. * Question - Can the growth be illu
If a person literally had “nothing else to do,” (a) What would be the opportunity cost of doing this homework?
unemployment is voluntary, discuss in view of the classical economists and the keynesian
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