Part A:
Identify key characteristics of 4 market structure ( monopoly, oligopoly, perfect competition, monopolistic competition)
Each marker separately 250 words each market Including :
- Meaning
- Example
- key characteristics
- price determination short run and long run with graphs
- a case study example ( you can support with data, why is it consider to be perfect ? compare the characteristic of prefect market with characteristic of this case study example)
1 Explain what is negative externalities
2 Real life example
3 Why these case for government intervention to add reason for government 3 reason
4 Discus some of the way to correct negative externalities explain the various private and public measure with mertis and determine of each method
Part B:
1 Chose a case study , where negative externalities in a current market. Need to explain of name place , industry , country , nature of negative externalities
2 Explain the situation and the result dead weight loss in diagrams
- illustrate the impact
- need to show table diagram with brief explain
- the result dead weight loss in graphs and explain
3 Discus way that the government has add present of negative externalities in market
- Regulation
- Bans
- Corrective - taxes
- Property rights
- Market base policy