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Economics for Managers Add in library

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In your own words, summarize the article, “Gov’t moves to sell Medibank Private,” by Jim McIlroy, April 9, 2014. In particular, what are the main messages of the article? Question 2: (8 marks) Suppose a firm, like Medibank, is government-owned. (a) If the government’s objective is to maximize welfare, what would be the price charged by this firm? What would be the consumer surplus, producer surplus and total surplus? (b) If the government imposes a buyer’s tax ...

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