Business Economic
1. Our Documents. Accessed April 3, 2020. 7 world cf..I Association. °Too Steel-Producing Companies 2018.° Accessed April 3, 2020.
a) Explain using the above examples why a monopoly is problematic for a given economy or a government?
b) Reflecting on examples from the article explain how public policy can curb Monopolies? Using Cost curves explain how Monopolies make unusual profits?
c. Use the above data to draw a graph with the correct labeling.
3. The Minnesota Journal of Law, Science and Technology.Whatever Happened to the Baby Bells?
4. Paul 2imnisky. “A Brief History of De Beers:. Accessed April 3, 2020.
d. Explain what is price elasticity of demand and explain why it would be important for producers to know the price elasticity of their product and how it would affect their decision making?
