Problem
1. In some industries, pure competition would result in higher prices and a greater waste of resources than monopoly." Do you agree? Can you think of any such industries? Discuss.
2. Outline the major problems involved in regulating the activities of a monopolist. Why is the regulatory function likely to become a source of economic inefficiency with time? Explain.
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.