Use the following word to the paragraphs describing principles in microeconomics

Question

Use the following word to the paragraphs describing principles in microeconomics Each word will only be used once The Firm Under Perfect Competition occurs in an industry when that industry is made up of many small firms producing products; when there is no impediment to the or of firms; and, when information is available Perfectly competitive firms use society's scaree resources with maximum efficiency. Limiting Marketing Power Regulation and Anti-Trust To protect the from monopolies uses policy to prevent acquisition of power measures the share of the total sales or assets of the industry in the ownership of its largest firms is a process established by law that restricts or controls some specified decisions made by the affected firms. It is designed to protect the public from exploitation by firms with monopoly power. Externalities, the Environment, and Natural Resources Economists use economic analysis to provide suggestions for responding to environmental problems stemming from the market's short-comings. A is a beneficial event for which others do not compensate the creator for the benefit they receive from the event A is a harmful event that is created by those who do not pay for the damage done to others from the event. A allows a limited amount of emissions in total by specifying the maximum amount the license holder is allowed to emit. Taxation and Resource Allocation The U.S. government rely on to raise revenues. A is one in which the average tax rate paid by an individual rises as income rises. A is one in which the average tax rate paid by an individual is the same at all income levels. A is one in which (he average tax rate paid by an individual falls as income rises. States and localities rely on to raise revenues. and are the most common types of these taxes in the United States. Poverty, Inequality, and Discrimination The is an amount of income below which a family is considered "poor." occurs at the point where an individual falls below a minimum standard of living occurs at the point where an individual falls too far behind the average i, Komc. orcurc "hen equivalent factors of production receive different payments for equal contributions to output. A policy is not necessarily ill-conceived simply because if has an undesirable effect on income inequality, provided it makes a sufficiently important contribution to efficiency.

Explanation / Answer

1.PERFECT COMPETITION
HOMOGENEOUS
ENTRY
EXIT
SYMMETRIC

2.PUBLIC INTEREST
GOVERNMENT
REGULATION
MONOPOLY
CONCENTRATION OF INDUCTRIES
ANTI TRUST

3.POSITIVE EXTERNALITY
NEGATIVE EXTERNALITY
TRADABLE EMISSIONS PERMIT

4.DIRECT TAXES
PROGRESSIVE TAX
PROPOTIONAL TAX
REGRESSIVE TAX
INDIRECT TAX
SALES TAX
PROPERTY TAX

5.POVERTY LINE
ABSOLUTE POVERTY
RELATIVE POVERTY
ECONOMIC DISCRIMINATION

Related Questions

Navigate

• Browse (All)
• Browse U
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.