Question: Explain with graphs please Answer each problem fully and use graphs to help explain the answers. There is not always one correct answer. The quality

Explain with graphs please

Answer each problem fully and use graphs to help explain the answers. There is not always one correct answer. The quality of your answer depends on the strength of your explanation and on your ability to apply economic concepts to these problems. 1. True, False, or Uncertain. Government should regulate natural monopolies so that they produce at an allocatively efcient quantity. Explain your answer. . The government has been providing free COVID-19 testing kits to the public. Discuss whether the testing kits have public good characteristics or if there are extemalities associated with their use. Explain your reasoning. 3. Do you think the use of congestion tolls for highways is good public policy? Consider efciency and fairness issues in your answer and apply concepts described in Chapter 24 of the Miller, Benjamin, and North text
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