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Economics Questions Why are market economies inefficient in meeting environmentally friendly outcomes? Is Pigovian tax socially efficient? Provide appropriate diagrams (Hint: One way to think
Economics Questions
- Why are market economies inefficient in meeting environmentally friendly outcomes? Is Pigovian tax socially efficient? Provide appropriate diagrams (Hint: One way to think of efficiency is when D=S. )
- Provide one example of a city/country/community that has successfully used taxes to reduce pollution.
- Discuss market structures. Identify the market structure facing Coles and Woolworths.
- What impact are home brands' products likely to have on future competition?
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