1. Which situation would indicate the presence of anexternality?
2. What is a characteristic of a highly contestableindustry?
3. Which statement about the ‘kinked demand curve’ model ofoligopoly is incorrect?
4. Governments often aim to reduce income inequalities. Thediagram shows the effects of using taxation and benefits to try toachieve this aim. What can be concluded about the effects of taxesand benefits from the diagram?
1 Which Situation Would Indicate The Presence Of An Externality 2 What Is A Characteristic Of A Highly Contestable In 1 (33.57 KiB) Viewed 19 times
5. In calculating the short-run supply schedule for a firm, whatis assumed to remain unchanged?
100 000- average income per household 80 000- ($ per year) 60 000- 40 000- 20 000- bottom 20% 2nd 3rd 4th 20% 20% 20% household income top 20% key original income disposable income final income
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