question 1

Imagine that you are the president of Country Z. How will you structure the markets of your country? Will you make your markets perfectly competitive or monopoly? Use the model of demand-supply to support your answer. Discuss all the possible advantages and/or disadvantages of your choice.

Question 2 (3 marks)

Discuss in detail why the price of eggs is more or less the same all over Dhaka city.

Question 3 (3 marks)

Discuss in detail using your own example the concept of resource allocative efficiency.

Question 4 (3 marks)

Discuss in detail using your own example how productive efficiency can benefit both business and society.

Question 5 (5 marks)

During the pandemic, the demand and price of lemon have been increasing in Bangladesh causing more farmers to cultivate lemon. Using economic theory, discuss in detail what is actually happening in the lemon market? How might the lemon market change in the future according to economic theory?

Question 6 (5 marks)

Consider the market of private coaching centers (for O/A Levels and SSC/HSC Exams). What kind of a market is this? What kind of economic profit is this market experiencing now? Discuss in detail the reasons behind your answers.