Explain different market structures (pure competition, monopoly, monopolistic competition, oligopoly) and the implication of their characteristics on the efficient allocation of scarce resources as well as the potential for market failure.

1A.Using Week 15 lecture 1 section"Government Intervention most Economists Agree Improve Efficiency".

Please explain the link between property rights, governments and efficiency.

2A.Using Week 15 lecture 1

Please list the forms of government intervention from least controversial to most controversial,

3A.Using Week 15 lecture 2 and the section titled "Measuring income inequality"

Explain how economists measure income inequality

4B."Corporate Mergers".

Explain what a "merger", "acquisition"and "anti-trust" laws are.

5B."Regulating Anti-competitive behavior".

Explain what a "restrictive practice" is.

6B.Using your textbook section 15.2"The Poverty Trap".

Explain what the "Poverty Trap" is.

7B.Using your textbook section 15.3"The Safety Net".

"The Safety Net"