Task brief:
Question 1:
The National Parks in Australia are popular all over the world. However, the entrance to most of these parks is prohibited unless a visitor pays an entrance fee. A park pass, for instance, will cost as much as $30. But, these parks are always operating below their full capacity and never overcrowded.
Explain with the help of a clearly well labelled diagram why park fees create distortions or deadweight loss in this case?
Question 2:
As one of the local economy stimulus package, all of you are well aware that the New. . .
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