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Sometimes market activities (production, buying, and selling) have unintended positive or negative effects outside the market's scope. These are called externalities. As a policy maker concerned with correcting the effects of gases and particulates emitted by and local power plant, answer the following questions:
What two policies could you use to reduce the total amount of emissions? Why do you think they each would work? What would the benefits of each action be (besides emissions reduction)? What would the costs of each action be? How would you decide what was the best level of emission reduction?
why is monopolistic competition inefficient suppose that you counted the higher price the consumer pays for the monoplistically comptetive firm's product surplus, would that change the conclusion regarding the efficiency of monopolistic competitio..
you are have been asked by your senior management to prepare a report identifying the distribution channels available
What characteristics of the market make it more likely that a dealer will quote prices at random rather than stick with a single one, or will choose prices that vary with the perceived characteristics of individual customers.
suppose that there is a decline in the cost of a unit of capital. in the long runa. what will be the substitution
select at least three different types of organizations. write a 700- to 1050-word paper in which you evaluate the
below is a summary of the economic situation as of 2013.1 equals 0.6 pound.u.s. interest rate is 0.02.u.k. interest
eight of contemporary marketing A case analysis states that snacking patterns have changed from 25 years ago to present day. The case analysis also states that eating habits are changing, in which people are now making smart choices rather than di..
You do not need to provide actual numbers; rather, show on the price axis where the price would be before the externality is considered and the price after the externality is included. What problems might exist in determining this new, externality..
Libertyville has two optometrists, Dr. Jones (J) and Dr. Smith (S). Each optometrist can choose to advertise his service or not. The net revenue to each optometrist, in thousands of dollars, is listed on the payoff matrix below
Relatively little pollution is emitted initially in the production process, but as the factory is used more intensively, pollution per unit of output increases and Explain how the introduction of this policy will affect the production decision of f..
Suppose it costs each person $20 a day to fish and that fish sell for $10 each at the market. At the social optimum, how much would it hurt all the other fishermen (combined) if one more person started fishing?
analyze how the law of demand applies to a recent purchase that you made. describe how the product has changed in price
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