Please respond to ii. In many countries, the government chooses to "internalize" the monopoly byowning monopoly providers of goods and services. (In some cases these firmsare "nationalized" and the government actually buys or confiscates firms thatoperate in monopoly markets). Explain TWO advantages and TWOdisadvantages of such an approach.ii.i.Evaluate the view that having a business objective of increased economies ofscale is always desirable.In the figure provided below, which perfectly competitive firm (a, b or c)iii.a. earns economics profitsb. incurs losses, but will continue to operatec. incurs losses and will shut down in the short-runProvide an explanation for each choice.

ii) Economies of scale refer to when there is an increase in the production of goods and services…

Answered: Evaluate the view that having a…

Business

Economics

Evaluate the view that having a business objective of increased economies of scale is always desirable. ii.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Please respond to ii.

In many countries, the government chooses to "internalize" the monopoly by
owning monopoly providers of goods and services. (In some cases these firms
are "nationalized" and the government actually buys or confiscates firms that
operate in monopoly markets). Explain TWO advantages and TWO
disadvantages of such an approach.
ii.
i.
Evaluate the view that having a business objective of increased economies of
scale is always desirable.
In the figure provided below, which perfectly competitive firm (a, b or c)
iii.
a. earns economics profits
b. incurs losses, but will continue to operate
c. incurs losses and will shut down in the short-run
Provide an explanation for each choice.

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