Compare the relative merits of banning certain types of market structure with banning certain types of market behavior.
Answer to relevant QuestionsIf two or more firms are charging similar prices, does this imply that collusion is taking place? What evidence would you need to determine the existence of collusion?Examine the case for public ownership of an industry where a natural monopoly exists.Why will investment affect both actual (short-term) growth and the long-term growth in potential output? What will be the implications if these two effects differ in magnitude?The overall balance of payments must always balance. If this is the case, why might a deficit on one part of the balance of payments is seen as a problem?What will cause people to expect higher rates of inflation? How will expectations of inflation affect the actual rate of inflation?
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