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Question: Explain the market failure associated with negative externality. Choose an industry from your home country that creates a negative externality. (Hint: this is your case study that you need to describe in details, provide relevant information, use table, diagrams where appropriate).
How does the government address the negative externality in your case study? Explain using economic theory and illustrate it on a diagram. Suggest your ways in which the market failure associated with negative externality can be addressed. Explain using economic theory and a diagram. (Hint: use real life data from your case study).
Identify the market structure your case study belongs to. (Hint: Briefly explain four market structures, and identify the key factors that distinguish them such as number of sellers, type of product, entry conditions, profits and losses in the short and long run. Identify the key characteristics of your chosen case study in relation to the factors used to differentiate between the market structures. Use real data from your case study).
Using your case study, evaluate the efficiency of your chosen industry. (Hint: compare the allocation of resources and market outcomes between your chosen industry and perfectly competitive market structure using theory and real data from your case study).
Imagine you are a stakeholder for a non-profit health care organization. As a leader you are responsible for modeling ethical behavior and have the ability.
Since the error term in the Cobb-Douglas production function can be en- tered multiplicatively or additively, how would you decide between the two?
it is common for supermarkets to carry both generic store-label and brand-name producer-label varieties of sugar and
Pick some current or historical regulation. Explain briefly the nature of the regulation. What are the laws, agencies, etc.? Explain the rationale for the regulation, what the sponsors of the regulation said they wanted to achieve.
What is the difference between economic Growth and economic Development?
Harte contracted with Connolly to install a new roof on Connolly’s house. It was agreed that the roofing shingles were to be “russet glow” a shade of brown. The roof was installed, and many of the shingles were discoloured showing streaks of yellow.
Examine the rates of growth in the service categories (except the category "other"). What trends do you see in the mix of healthcare services used by the US public? What factors might contribute to these trends?
There are three consumers A, B and C. Consumer A is willing to pay 8-3F dollars for a unit of flowers for the public square, B is willing to pay 2-3F dollars.
How would you defend the position that the Fed should adopt inflation targeting as a framework for monetary policy?
Probability values are assigned on a scale from 0 to 1, with 0 indicating that an event will not occur and 1 indicating that an event will definitely occur. In this activity, you will apply basic concepts of probability to common workplace issues.
Did you use the concept of the real purchasing power and purchasing power parity to answer the question-whether more real purchasing power is required to see a movie today than in 1939?
To check the accuracy of the model, several calculated values (x ) were compared with directly observed values (y). The results (read from a graph) are presented in the following table. Compute the least-squares line y = βˆ0 + βˆ1 x .
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