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lets consider a market in which two firms compete as quantity setters and the market demand curve is given by q 4000 -
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1 what is an economically efficient allocation how does an economically efficient allocation differ from an inefficient
a explain why cigarette smoking is often described as a good with negative externalitiesb why might a tax on cigarettes
1 why is it not generally socially efficient to set an emissions standard allowing zero pollution2 education is often
1 what is the coase theorem and when is it likely to be helpful in leading a market with externalities to provide the
q11 what is the difference between a positive externality and a negative externality describe an example of each2 why
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the amount of output produced by each worker at a firm depends upon the workers ability specifically each worker
consider again the situation described above but now imagine that each firm sets a price selling as many units of the