Problem
A. Using graph, explain the pricing decision of a monopolist and the deadweight loss of monopoly.
B. QantasLink is the only service provider between Sydney and toowoombas Brisbane West Wellcamp Airport. Explain why it is unlikely for Qantadlink to charge prices much higher than the competitive level on this monopoly route. Are there other routes within Australia on which a monopoly would likely result in much higher prices?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.