Problem
1. Are very large firms economically justifiable? What are the pros and cons of bigness?
2. A monopolist can control her price or the quantity she sells, but she can't control both. Explain this statement.
3. Make the case for natural monopolies.
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.