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When the government levies a tax on a good, who actually bears the burden of the tax? Test the theory of perfect competition and monopoly
- When the government levies a tax on a good, who actually bears the burden of the tax?
- Test the theory of perfect competition and monopoly in the market for a product that can take the two market structures
- Using real-life examples discuss private information and hidden action in the markets that lead to information asymmetry
- With the help of relevant examples, discuss the forms of price discrimination and their effects on market outcomes
- Evaluate the efficacy of economic stimulus package in the long run and short run respectively
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