using 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.

it's a must to show:

be able to apply demand and supply analysis to make a range of market-related decisions.

be able to make decisions that incorporate the relevant benefits and cost analysis.

be able to explain and defend why it is important to understand the structure of the market in which a firm operates.

be able to critically examine and demonstrate why it might be necessary for the government

to intervene in the production of goods and services and in the distribution of income.

be able to examine critically the health of the economy as a whole through the analysis of

major economic variables and advise on likely policy alternatives. \