Question
Please help me solve these five questions. Thanks.1. Describe a four-firm concentration ratio, including an explanation of what it is used for and how it
Please help me solve these five questions. Thanks.1. Describe a four-firm concentration ratio, including an explanation of what it is used for and how it is calculated. Give two examples.2. Describe a market-oriented environmental policy to reduce pollution.3. Describe three examples of market-oriented environmental policies.4. Consider both positive externalities and public goods, briefly explain why private firms or individuals might fail to make expenditures or investments that would produce broad social benefits.5. Describe four factors that likely contributed to the number of workers in the U.S. labor market belonging to unions declining so dramatically since the early 1950s.
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