Since some parts of the health care law went into effect in 2010, the share of Americans aged 18 to 25 without health insurance dropped to 23 percent from 28 percent. Thatâs roughly 6.6 million with health insurance because of the law. Parents worried about cost may have some concerns with the ruling.
Oligopoly refers to competition among âfewâ or, to be more specific, among a few dominant firms. An oligopolist is not a big enough part of the market (like a monopolist) to be able to act as a price-maker.
Pigovian Taxation as a Means of Reducing Carbon Emissions. Economic equilibrium is reached when demand and supply are equal. Market equilibrium is similar, with prices of goods and services canceling each other out. Loyal to the definition of âequilibrium,â this state will not change unless one of the contributing factors, such as supply or demand, changes first. Economic equilibrium is largely theoretical, but itâs an ideal which economic policymakers strive towards. Some market inequalities are countered with taxes or subsidies.