(Answered) Consider perfect competition a non-discriminating monopoly

Management Studies

Consider perfect competition, a non-discriminating monopoly and a perfectly discriminating monopoly.

a. Comparing and contrast the equilibrium price and quantity in each of the market structure and identify for each market structure whether it is efficient or results in deadweight loss.

b. Why do governments control certain monopolies? Provide at least one real world example in supporting your argument.

c. Why do government create certain monopolies

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Business Management, Management Studies

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