Give an example of a government-created monopoly. Is creating this monopoly necessarily bad public policy? Explain. ii. Define natural monopoly. What does the size of a market have to do with whether an industry is a natural monopoly? iii. Why is a monopolist’s marginal revenue less than the price of its good? Can marginal revenue ever be negative? Explain.

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Q: Price MC 7. 6 D 3 MR Demand 9 10 11 12 Ouartin

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Q: Give an example of a government-created monopoly.  Is the creation of this monopoly necessarily good…

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Q: Biven in tiie labie. we price and quurany usng uie give there is no fixed costs and the monopolist…

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Q: d. Calculate the monopoly firm's optimal price and quantity using the given functions.

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