The operation of the "invisible hand" means the pursuit of private interests promotes social interests in pure competition. True or False True False
Q: A market with a negative externality has marginal benefits mb = 60 – 0.15q, marginal private costs…
A: Negative externality refers to the external damage to the third party which is not directly involved…
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A: Agricultural sector play a vital role for the growth and development of an economy , whether for a…
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A: Regulation refers to the control of the government in an objective to reallocate resources to…
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A: Since you have asked multiple question, we will solve the first question for you. If you want any…
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A: Negative Externalities are the cost borne by the third party without any consumption of the good.
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A: Positive externalities: - positive externalities mean positive spillovers or it refers to the…
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A: First, let me tell you what are the correct statements:
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A: The sum of consumer surplus and producer surplus is total surplus. i.e., Total surplus = Consumer…
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A: Externality refers to the advantages and disadvantages of being received by the third party.
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A: Externality refers to positive or a negative spillover effects on the society due to consumption or…
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A: (H) All statements are incorrect.
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A: Private goods are rival and excludable. Rival means one person consumes the good then that person's…
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A: External cost refer to the economic concept of uncompensated social or environmental effects. For…
Q: discuss in detail political approaches to privatization
A: Privatization:- The transition of factors of production that are owned by public or controlled by…
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A: Long run ATC is declining as shown in the diagram. Also, MC is 0 which shows that if a second bridge…
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A: Special interest group refers to a set of organizations or individual who forma group inorder to…
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A: Perfect competition: It refers to that competition. The producer does not decide the products' price…
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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: A negative externality is found where the production or utilization of an item brings about an…
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A: ‘Externality’ is a cost or benefit that a person or a community receives but they have no control…
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A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
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A: There is an external cost of production of barbecue.
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A: Under private equilibrium, private cost is equal to private benefit. At social optimal point, Social…
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A: With external cost, the marginal social cost (MSC) cost is higher than marginal private cost (MPC)…
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A: Common resources are non-excludable but rival in consumption. Everyone accesses the common resources…
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A: We will answer the first question since the exact one was not specified. Please submit a new…
Q: Large taxes on energy companies whose production activities cause environmental damage (assume a…
A: Negative Externality: The term negative externality refers to the situation where the production…
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A: Non-excludable: - it is a condition where a person cannot stop another person from using a good or…
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A: In a market, barriers to entry refers to the situation when existing firms restrict new firms to…
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A: * ANSWER :- * Explanation :- A product externality leads to creation of a positive externality due…
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A: A subsidy should be given to the consumer equal to the marginal external cost to achieve social…
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A: A negative externality is a cost that is suffered by a third party due to any production or…
Q: An externality is a private cost or benefit that results from the production or consumption of…
A: The externalities are the additional costs or benefits faced by the third party who is not involved…
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A: Barriers often operate as a barrier to new entrants into the market.
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A: When talking about efficient allocation, it can be said that producers and consumers will interact…
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A: Externality is one of the prominent reasons for market failure. That is actions or decisions of one…
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- Regarding externalities, the goal of command-and-control policies is to try and prohibit a firm's behavior before it occurs. a) True b) False Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.The privatization of public enterprise will lead to efficient management of resources in the economics this statement can best be described asA6. 1.Adam and Zoey are competing fish and chips sellers in Linear City. They are located at the twoopposing ends of the town’s 3-mile-long Main Street. The 1700 inhabitants of the town are distributeduniformly on Main Street and each of them eats at most one portion of fish and chips for lunch. People’sdisutility from getting to a fish and chips stand and back home amounts to $2 for each mile of distanceto the stand. The marginal cost of producing one portion of fish and chips is $9. The consumers areuniformly distributed along the street. Each consumer has a valuation of $29.0 for the product. Supposethat both Zoey and Adam can advertise at zero cost to inform everyone about their business. Find theequilibrium price of Zoey if neither of the two sellers advertises.
- Would Warby Parker be more or less financially successful if it were not so focused on social responsibility? Explain.Recently, Bangladesh University of Engineering and Technology (BUET), mHealth Lab developed a low cost ventilator to help during the ongoing COVID-19 pandemic. Read the following published news " https://mhealth.buet.ac.bd/oxyjet/ ". Then ans the questions. Question : (a) Identify possible intangible assets or intellectual properties that may have resulted from the above invention.(b) What Intellectual Property( protection(s) should the Lab seek for? (c) Why? Explain for each protection type.In an economy in which resources can move among industries with relative ease, a car. "in an ecsting to maximize short-term profits will sow the seeds of its own destruction. Explain.
- A food manufacturer is trying to maximize profit by selling wheat-based cereal (C) and wheat bread(B) with raw wheat (W). The production functions are: Cereal: C = 30WC – 1.5WC2 Bread: B = 63WB – 2WB2 Constraint: WC + WB = 9,820 Profit is $1.00 per box of cereal and $0.50 per pack of wheat bread. There are 9,820 units of raw wheat available. How much wheat should go to the cereal (WC)? Enter as a value. ROUND TO THE NEAREST WHOLE NUMBER.A company must sell as much as possible, only this will ensure itsrapid development. Is this opinion true or false? Justify your answer -./using a minimum of 20 sentencescomplex sentences/. Apply scholarly literature - minimum 5 titles.Give an example of a real-life situation that gives rise to externality. Explain clearly about the nature of external effect. Explain why the free unregulated outcome may be subject to problems and how the problem in this example has been or can be remedied. Answer should be kept within 200 words.
- Consider the case of global environmental problems that spill across international borders as a prisoners dilemma of the sort studied in Monopolistic Competition and Oligopoly. Say that there are two countries, A and B. Each country can cheese whether to protect the environment, at a cost of 10, or not to protect it, at a cost of zero. If one country decides to protect the environment, there is a benefit of 16, but the benefit is divided equally between the two countries. If both countries decide to protect the environment, there is a benefit of 32, which is divided equally between the two centuries. In Table 12.10, fill in the costs, benefits, and total payoffs to the countries of the following decisions. Explain why, without some international agreement, they are likely to end up with neither country acting to protect the environment.The growing integration of the world econemy is Select one a. Increasing the intensity of competition in a widu range of manufacturing and service industrim b. increasing the intensity of competition in manutacturing industries, and decrpasing the mtensity of compotition in services c. narrowing the scope of competition in a wide ringe of service, commodity and manutacturing industries d. decreasing the ntensity of competbon in manufactring industries, nd mosing the intenity of competition in servicesdon't chat gpt answer i will 5 upvotes urgent. An automobile that you own could be considered a rival good, while flood control might be a good example of a non-rival good. Select one: O True O False