3. What kind of international trade tends to occur when external economies of scale are present?

Q: a) What is market failure? Explain why a factory which emits pollution creates a market failure

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Q: 4. (8) Why is it necessary to use a market failure to justify the use of infant industry protection?

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A: If it costs Lisa $1.50 to prepare a burrito  Firm have to spend $1.5 to make burrito

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A: it is a process which tells how does the interest of a fishing boat owner changes ; when the excess…

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Q: short justification for your assessment.

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A: In a market, a specific situation arises when an individual's activity influence the third party who…

Q: 2. Assume the supply and demand for paper is given by the following: Demand: P =1500 – 0.1Q…

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A: Here pollution is an externality that has a detrimental impact.

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A: Comparative advantage refers to the situation where the capacity of the country to produce goods and…

Q: Question 16 Marginal social cost equals marginal cost plus marginal cost. consumer; production O…

A: Marginal cost refers to the total cost that the society pays for the production of one more unit of…

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A: Pareto efficiency in the long-run equilibrium for a competitive market depends on different factors.

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A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: a) What is market failure? Explain why a factory which emits pollution creates a market failure.

A: Market failure, in financial matters, is a circumstance characterized by a wasteful dispersion of…

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A: Intra industry trade is basically the trade that is happening within industries. The measure of this…

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A: Negative externality example is pollution. Marginal social cost = marginal private cost + pollution…

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A: A negative externality / external cost are a type of spillover which imposes a cost on the third…

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A: There are two countries M and SA and two goods units of R and m of C.   The given information is…

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Q: 67 How might a government intervene in a market to prevent the overuse of a common-property…

A: Government intervenes in the market to control various fluctuations or economic problems.

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A: When talking about external economies of scale, it is tha situation when a company is producing it's…

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A: Externalities occurs  when the consumption or production  of a good has an influence on parties who…

Q: A country called Sherwood is very heavily covered with a forest of 50,000 trees. There are proposals…

A: Since you have posted a question with multiple subparts, we will solve the first three subparts for…

Q: 1. Explain in detail a) Economic externalities arise because of the enactment of tariffs. Is there a…

A: (a)   Externality is the term refers the benefit enjoyed or cost suffered by the third party who did…