Suppose you serve on an environmental planning board for the government. Your task is to reduce air pollution around bus stops. Describe concisely how the assignment of property rights according to the Coase Theorem can improve the air quality for the city. You can define two parties associated to this problem, city dwellers and bus companies. Do not forget to describe how these rights are to be defined and how the rights are to be distributed to the parties. Is there a chance to achieve to an efficient solution

Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.