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Essay 1 (10 marks) Utilising your knowledge of the theory of the firm, provide a rationale for the Australian government's JobKeeper policy being careful to

Essay 1 (10 marks)

Utilising your knowledge of the theory of the firm, provide a rationale for the Australian government's JobKeeper policy being careful to distinguish between the short-run and the long-run and between the needs of small and medium sized businesses compared with large businesses. Communicate your answers with diagrams and illustrative examples as necessary.

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