Public Economics Control, Option 2

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Public Economics Control, Option 2.
1. Why is increasing the economic role of the state in the modern world
2. Define the Pareto improvement
3. Define the Pareto-optimal state
4. What is the market failures or "market failures"
5. Natural monopoly, its characteristics and methods of state regulation
6. State control over natural monopolies
7. What is the difference of the state of the other actors of the market economy
8. Give the definition of monopoly
9. Define opportunity cost
10. What is the incompleteness of markets, give examples.

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