From the given information, draw the demand curve, MR, MC and ATC curve and figure out the output at which firm maximizes its total profit. 2. How perfectly competitive firms make output decisions. Discuss. 3. How a profit-maximizing monopoly chooses output and price. Explain with examples. 4. Discuss the economics of pollution and different types of pollution. 5. Discuss poverty, income inequality: measurement and causes in detail.

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