Do you believe managers are justified in monitoring

In the U.S., for approximately the past 100 years, it has been the policy of the U.S. government to prevent firms from obtaining enough share of a market to act as a monopolist.

  1. What is the benefit to society of limiting a firm's ability to act as a monopolist?  Please use a market model and a set of short-run cost curves to support your answer.  In particular, show how a firm maximizing profits in a monopoly market is different from a firm participating in a competitive market.  Note:  if possible use the concepts of consumer and producer surplus in your answer.  
  2. Is the monopoly firm seeking different ends than a perfectly competitive firm?  Why or why not?

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Microeconomics: Do you believe managers are justified in monitoring
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