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- “Monopolies always produce less and charge higher prices for goods which are often of dubious quality: consumers are victims.” How far do you agree with this statement?What are the three reasons why monopolies arise? Give one example of a firm that is a monopoly and the reason why it is a monopoly.A monopolist produces _____________ product ?? what its answer ?
- To regulate natural monopolies, the governments can choose amongst the following options: Select all that apply □ A. Set the price to equal Marginal Cost B. Set the price to equal total cost C. Set the price to equal Average total cost □ D. Break the monopolies into several smaller companiesWhat are the three reasons that a market might have a monopoly? Give two examples of monopolies and explain the reasons for each.Is it feasible to prohibit monopolies in all markets? Does advertising help or hurt consumers?
