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Identify the key characteristic of four market structures (ie. monopoly, oligopoly, perfect competition or monopolistic competition). Give a case study example of each market structure. (8 marks) (b) Explain what negative extealities are, and why there may be a case for govement intervention to address them. Describe some of the ways to correct the negative extealities and the pros and cons of each method. Provide real life examples. (8 marks) (c) Choose a case study from your home country where ...

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