1)In the long run equilibrium , the marginal social cost exceeds the marginal private cost, but the marginal social benefit is equal to the marginal private benefit. This describes which of the following markets? a) oligopoly with no externalities b) monopoly with perfect information c) perfect competition with a positive externality d) perfect competition with a negative externality e) perfect competition with asymmetric information.
Kindly assists on the above two questions
1)In the long run equilibrium , the marginal social cost exceeds the marginal private cost, but the marginal social benefit is equal to the marginal private benefit. This describes which of the following markets?
a) oligopoly with no externalities
b)
c)
d) perfect competition with a negative externality
e) perfect competition with asymmetric information.
2) Which of the following policies would be the most likely to have the effect of increasing income inequality.
a) Increasing the interest rate on bank loans.
b) switching from a regressive system to a progressive system
c) lowering taxes on once from interest earned on investment
d)Increasing the nations pet capita income
e) Taxing inheritance and using the revenue to provide college scholarships
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