Problem
1. Under what conditions would rival firms have an incentive to merge into a monopoly or strong oligopoly when free entry into an industry exists?
2. Do the current owners of a monopolistic (or oligopolistic) firm reap from the firm's monopoly power? If you wanted to make money in the stock market, would you prefer to own the share of a monopolist (for example, AT&T or a local public utility)? Why or why not? 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.