Identify the key characteristic of four market structures

Assignment Help Microeconomics

Reference no: EM131175096 , Length: word count:3000

Assessment: Research Essay

Please note that this question requires substantial research.

(a) Identify the key characteristic of four market structures (i.e., monopoly, oligopoly, perfect competition or monopolistic competition). Give a case study example of each market structure.

(b) Explain what negative externalities are, and why there may be a case for government intervention to address them. Describe any two ways to correct the negative externalities and the pros and cons of each method. Provide real life examples.

(c) Choose a case study from your home country where an externality exists in a current market. Illustrate the situation with externalities in your case study and the resulting deadweight loss in a diagram and discuss ways that your government has addressed the presence of negative externalities in the market.

Length 3,000 words.

Reference no: EM131175096

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