Each of the questions must have at least 200 words per answer.
Your work will be submitted via “SafeAssign” which is software designed to detect “plagiarism”.. It is important that you review/edit your submission and maintain a 30% or lower matching before finally submitting it.
Answer the following questions:
– How is the demand for lumber affected by the demand for housing?
– Define market power, and then discuss the rationale for government regulation of firms with market power.
– Explain the difference between fixed-production technology and variable technology. Should the government set a goal of reducing the marginal social cost of pollution to zero in industries with-fixed production technology? Should they do that in industries with variable technology?
– What is the Lorenz curve?
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