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Use a supply and demand diagram to help explain how a city council might help to decrease traffic congestion in the city during weekends.
a) toll booths at city limits
b) creating viable and attractive substitutes, for example by enhancing bus runs and/or lowering the price of public transportation
c) Make parking houses outside city limits with free buses into the city centre
what are the pros and cons of monopsony
#question meaning ..
Consider the model of corruption explored by Shleifer and Vishni's where there is one government-produced good X. There is a demand for that good described by the inverse demand eq
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if the inverse demand curve is p=120-Qand the marginal cost is constant at 10, how does charging the monopoly a specific tax of 10 per unit affect the monopoly optimum and the welf
Explain the difference between elastic and fixed supply
What actions could a government take in order to keep the price above market equilibrium? There are four basic possibilities here; 1) Minimum price; 2) A tax on the good
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Profit maximization is theoretically the most sound but practically unattainable objective of business firms. In the light of this statement critically appraise the Baumol’s sales
how to draw a table of the demand and supply scdule
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