- Explain the role of government intervention with monopolies. - Graph the socially optimal price and...

 

Transcribed Image Text:

- Explain the role of government intervention with monopolies. - Graph the socially optimal price and fair return price for a monopolist. - Graph the profit maximizing output point for an unregulated monopolist. Review Review the impact of government intervention on pages 359 - 363 in your textbook Read a posted explanation by the instructor on the effects of controlling a monopoly in the discussion topic Discussion #6: Government Intervention. Again, refer to Module 9 - Chapter 10 PowerPoint slides in the Resources area. Graph Complete the following 2 exercises in your textbook - Self-Test ag, page 363. . Problem 9 on page 370. Discussion In the Discussion #6: Impact of Government Interventions topic, please post a discussion that takes the viewpoint of either: 1) for government intervention or 2) against government intervention. As you are formulating your discussion posting ensure it refers to some of the following issues: . companies may be private, public or nationalized . what are your thoughts on governments: 1) setting prices; 2) imposing special taxes, 3) creating the Competition Act . What is a markets purpose in terms of 1) free vs, regulated markets; 2) purpose of competition; 3) consumer demand Besides words, you can illustrate your point with real examples, graphs, and currents news from online sources. - Explain the role of government intervention with monopolies. - Graph the socially optimal price and fair return price for a monopolist. - Graph the profit maximizing output point for an unregulated monopolist. Review Review the impact of government intervention on pages 359 - 363 in your textbook Read a posted explanation by the instructor on the effects of controlling a monopoly in the discussion topic Discussion #6: Government Intervention. Again, refer to Module 9 - Chapter 10 PowerPoint slides in the Resources area. Graph Complete the following 2 exercises in your textbook - Self-Test ag, page 363. . Problem 9 on page 370. Discussion In the Discussion #6: Impact of Government Interventions topic, please post a discussion that takes the viewpoint of either: 1) for government intervention or 2) against government intervention. As you are formulating your discussion posting ensure it refers to some of the following issues: . companies may be private, public or nationalized . what are your thoughts on governments: 1) setting prices; 2) imposing special taxes, 3) creating the Competition Act . What is a markets purpose in terms of 1) free vs, regulated markets; 2) purpose of competition; 3) consumer demand Besides words, you can illustrate your point with real examples, graphs, and currents news from online sources.

Answer rating: 100% (QA)

solution 1the aim of government intervention is to rectify market failure and maximize social welfar... View the full answer