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This work of ECO 204 Week 4 Discussion Question 1
Externalities includes:
It has been proposed that toll collection on the
Massachusetts Turnpike, a key commuter route into Boston
from the west, be discontinued. Proponents argue that tolls
have long ago paid for the cost of building the road; now they
just provide cash for tax bureaucracy. A number of
economists are opposing the repeal of tolls on the grounds
that they serve to internalize externalities. Explain this
argument and discuss why the government often gets
involved when finding solutions for externalities. Respond to
at least two of your fellow students
Business - General Business
Market Structures . Explain the most important characteristic
in perfect competition, monopolistic competition, oligopoly,
and monopolies and relate the characteristic to how these
firms can make profits in the short run. In your analysis, make
sure to relate an example for each of the market structures
listed and how it relates to the particular characteristics.
If possible try to live for your first year in campus housing. By
taking advantage of room and board you can give yourself
more of a chance to focus on getting accustomed to the
campus and community. Then in following years you will
have a better idea of where you might prefer to live on your