ECON 201 SEU Why Society Should Worry About Firm Trying to Create Monopoly Questions
Question Description
I’m working on a economics question and need an explanation and answer to help me learn.
Q2. See around you and pick up a firm which is either dominating the market or trying to create monopoly.
- (a) Write in brief about the firm chosen and explain how the firm is trying to create a monopoly or dominating the market?
- (b) Elaborate your opinion, why we as a society should worry about a firm trying to create a monopoly?
- (c) Discuss some policy options a government could have to intervene in such market and prevent the monopoly creation.
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