Q1 monopoly please respond to the followingimagine

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Q1. "Monopoly". Please respond to the following.

Imagine monopolizing a service or product of your choice. Discuss Explain how you would go about setting cost s for your product or service.

Select a non-monopolized product or service with which you are familiar and Find out the consumption of which product or service would differ if it were controlled by a monopoly.

Q2. Explicate the underlying facts which support free trade and give an example of a good which you purchased recently which is based on resource differences. Illustrate what are some examples of goods which the U.S. has comparative advantage in producing?

Reference no: EM13354995

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