Download 2010 Pre Promo Revision Essays Part 2 PDF Free - Full Version
Download 2010 Pre Promo Revision Essays Part 2 by ['Lim Kew Chong'] in PDF format completely FREE. No registration required, no payment needed. Get instant access to this valuable resource on PDFdrive.to!
About 2010 Pre Promo Revision Essays Part 2
The document summarizes key concepts related to market structures, market failure, and government policies to address market failure. It provides an overview of price discrimination, explaining the conditions under which it can occur, and gives an example of third-degree price discrimination by cinemas offering senior citizen discounts. It discusses the tradeoffs between perfect competition and a price-discriminating monopolist, noting potential benefits of both market structures. While perfect competition ensures efficiency, a monopolist could increase output and innovation through price discrimination. Examples are given of negative externalities like pollution, and how pollution represents an unmanaged scarcity of clean resources. Anti-pollution policies economics can help with are outlined, like taxes, emissions
Detailed Information
| Author: | ['Lim Kew Chong'] |
|---|---|
| Publication Year: | 2016 |
| Pages: | 8 |
| Language: | English |
| Format: | |
| Price: | FREE |
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