Could you please help me answer this question? Discussion WEEK 07: Market Structures Part II

Part 1

Critically evaluate and explain each statement:

a. Because they can control product prices, monopolists are always assured of profitable production by simply charging the highest price consumers will pay.

b. The pure monopolist seeks the output that will yield the greatest per-unit profit.

c. The more profitable a firm, the greater its monopoly power.

Part 2

Share an article from the recent press about a firm that has significant market power (Monopoly or near Monopoly).Briefly summarize the article and describe what the source of this company's market power is.Do you think it will hold monopoly power in the long run?Why or why not?

Note: You may share a firm that is relevant to the film documentary you have chosen,as you are preparing/writing your analysis paper.