Question: Could you please help answer these questions? Thank you QUESTION 9 Figure 15-1 100 I Price 90 80 70 55 -- 50 40 30 20

Could you please help answer these questions? Thank you

Could you please help answer these questions? Thank you QUESTION 9 Figure

QUESTION 9 Figure 15-1 100 I Price 90 80 70 55 -- 50 40 30 20 MC 10 10 15 20 25 30 35 40 Quantity Refer to Figure 15-1. How much consumer surplus results if this single-price monopolist profit-maximizes? Arial 3 (12pt) Path: Words:0 QUESTION 10 In many countries, the government chooses to "internalize" the monopoly by owning monopoly providers of goods and services. (In some cases these firms are "nationalized," and the government actually buys or confiscates firms that operate in monopoly markets). What would be the advantages and disadvantages of such an approach to ensure that the "best interest of society" is promoted in these markets? Explain your answer. Arial 3 (12pt) Path: Words:0

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