1. The world would be a better place if all companies operated under a perfect competitive setting. Please explain the validity of this statement. (15) 2. "Tax is an efficient way for us to make the world a more unfair place." Please correct this statement and explain why the revised version is accurate. You must explain using economical terminologies to receive marks. (15) 3. What degree(s) of price discrimination does Movie Theaters usually incorporate in their business model? Please also discuss the problems associated with first degree price discrimination. Elaborate on your thought process. (15)