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.

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter13: General Equilibrium And Welfare

Section: Chapter Questions

Problem 13.12P

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