Transcribed image text: 1. Crime prevention is considered a public good. a) What are public goods and services? Explain why public goods and services are provided.
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- Recycling is a relatively inexpensive solution to much of the environmental contamination from plastics, glass, and other waste materials. Is it a sound policy to make it mandatory for everybody to recycle?3. Dancaster Utilities is a natural monopoly which is in charge of supplying water to the city of Dancaster. Competitive price and quantity are 10 and 5. Monopoly price and quantity are 12 and 3. (a) Illustrate graphically and explain the welfare loss that takes place due to monopoly behaviour. (b) Explain and illustrate graphically which is the desirable regulated price that the local government should impose. (c) Which is the socially efficient level of output? (d) Illustrate graphically the case where the government regulates the price at too low a level. What will occur in the market? And regarding social welfare?Topic: Externality - Pigou i need part d,e,f
- 1) This _____________ protects the human body from some kinds of the bacteria. Select one: a. disability b. dehydration c. vaccine d. balanceQuestion 25 Listen The permits the federal government to protect certain products of the mind, just as much as it protects personal land or money. Question 26 The Listen protects trademarks. A/ ATopic : Externality - Pigou i need part a,b,c
- 2. What is the market approach to consumer protection? What are the problems with the market approach? Explain in detail.1. Why does a government use regulations?1. Which of the following IS NOT required in order for an interaction to be deemed corrupt: a. A government official b. An exchange of value between a private person or corporation and the government official, which is personally retained by the official c. A resulting act by the government official which is not typical of his/her position responsibilities d. A meeting in a public place
- Create an introduction that includes an overview, site how the author/s conduct the study, why they are conducting the study? What are the specific problems of the study? In the article entitled : “The Good, The Bad and the Ugly: Internet Use, Outcomes and the Role of Regulation in the Philippines”Mankiw Chapter 11 Question 8 The federal gov't tests the safety of car models and provides the test results free of charge to the public. Do you think this information qualifies as a public good? Why or why not?Solve part d,e and f. (f)What does this problem teach you about the optimal provision of public goods?