Please assist me 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. ATCMCAVCQ(a)ATCATCMCMCAVCAVCd(b)(c)%24%24

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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

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

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter1: Welcome To Economics!

Section: Chapter Questions

Problem 8SCQ: The chapter defines private enterprise as a characteristic of market-oriented economies. What would...

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Question

Please assist me

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.

ATC
MC
AVC
Q
(a)
ATC
ATC
MC
MC
AVC
AVC
d
(b)
(c)
%24
%24

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