Econ w6 PT 2

Monopoly and Price Fixing” Please respond to the following:

  • From the scenario, identify the possible illegal or unethical activities activities in which the print shop boss plans to engage in, and identify the consequences on society from an economic point of view. Explain whether or not you would have discussed these issues with the boss.
  • From (1) a single product market perspective and (2) a natural monopolist market perspective, give your opinion on whether or not you support the government intervening to organize pricing. Identify the pros and cons of using these methods 

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