Elucidate how an increase in the marketplace demand

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Reference no: EM1311997

Q1. Use the Edge worth box diagram below to elucidate how

(i) why the outcome when Adam also Barbara don't interact is not Pareto efficient.

(ii) Elucidate how a Pigouvian tax can solve the efficiency problem.

(iii) Elucidate how a Pigouvian subsidy can solve the efficiency problem.

(iv) Elucidate how a Coasean approach can solve the efficiency problem.

Q2. Use a graph to elucidate how why an increase in the marketplace demand elasticity reduces a cartel's monopoly power. Elucidate how Elucidate how an increase in the marketplace demand elasticity affects the elasticity of the residual demand curve.

Reference no: EM1311997

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