Questions # 1 Give an example of a government created
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Questions # 1 Give an example of a government created monopoly. Is creating this monopoly necessarily bad public polic
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Questions # 1
Give an example of a government created monopoly. Is creating this monopoly necessarily bad public policy? explain.
Questions # 2
Explain two benefits that might arise from the existence of brand names.
Questions # 3
If a group of sellers could form a cartel, what quantity and price would they try to set?
We have now looked at the four economic market models.
In your opinion, which is the best market model and which is the worst? Please give examples to back up your thoughts.
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