Problem
1. Practical Application: Does your college bookstore have a monopoly? In what ways is that a good thing? In what ways does the store abuse its monopoly power?
2. Practical Application: Let's say that you wanted to go into business for yourself. Your rich uncle offered to invest $100,000 in this business, but he had one provision-that it must be a monopoly. What business would you go into? Explain why it would be a monopoly.
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.