Examine the core cognitive theories of behavioural economics (e.g. social norms

You are reminded that in answering the question, you should make use of all available resources including the readings in the course syllabus, case studies, powerpoints, and additional research from online sources.
You should submit an individual assignment and all answers should include a fully sourced bibliography including FIVE additional sources drawn from your own additional research.
Failure to do so leads to a 10-percentage point penalty.
1. Examine the core cognitive theories of behavioural economics (e.g. social norms) and how they impact economic decision making. Provide real examples to support your arguments.
2.Analyze the main reasons why governments use competition policies to intervene in markets. Use real cases to support your arguments.
3. “Monopolists are more likely to develop new innovations than firms involved in fierce price competition”. Discuss using examples from real business and industry examples.
4. “Economic inequality is the macroeconomic challenge of our time”. Discuss.