Question: ( a ) : Use a relevant diagrammatic model from Core Economics to discuss whether the Honorable Supreme Court of Pakistan s 2 0 1
a: Use a relevant diagrammatic model from Core Economics to discuss whether the Honorable Supreme Court of Pakistans decision reported in Dawn Newspaper SC resets private schools fees to Jan rates; subjects increases to regulatory approval about the fee setting powers of private schools is likely to harm or help realize the goals of Pareto and social efficiency maximization elimination of dead weight losses Discuss potential risks associated with the judgment that may compromise the goal of social efficiency maximization.
NOTE: While labelling the relevant diagram or diagrams please note that the relevant actors in Q are private schools and households who are looking to send their children to these schools.
b: Can the Honorable Supreme Courts decision do better in terms of social efficiency maximization elimination of deadweight loss than free market price setting if private schools are able to price discriminate? Explain with the help of a relevant diagrammatic model.
c: Use a relevant diagrammatic model from Core Economics to model the social welfare consequences of Justice Arabs description in the SC Judgment see his additional note reported in Dawn: SC resets private schools fees to Jan rates; subjects increases to regulatory approval of the evolution of the schooling market in Pakistan? What implication does Justice Arabs argument have for public policy.
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