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Economics 9708,43 Oct Nov 2024

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Laura Bellini

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1. Market Dominance and Pricing Strategies | Differences between limit pricing and predatory pricing, evidence of these strategies in large technology firms, and their economic impact. 2. Macroeconomic Effects of Large Firms | Positive effects on the macroeconomy due to the growth of major technology companies, including investment, employment, and innovation. 3. Negative Impacts of Firm Growth | Analysis of consumer harm, competition reduction, and economic inequality caused by the dominance of large firms, supported by economic theory. 4. Market Failure and Indirect Taxation | Diagrammatic assessment of how indirect taxation addresses negative externalities in production and its effectiveness in correcting market failure. 5. Labour Market Structures and Wages | Comparison of wages in perfectly competitive and monopsony labour markets using diagrams and evaluation of the wage-setting mechanisms. 6. Monetary Policy and Inflation Control | Evaluation of the central bank’s ability to control inflation through money supply regulation and the effectiveness of monetary policy tools.
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