Please, I need some help answering these questions I would like to understand the main idea with a clear and well described response Thanks and stay well Why is a monopoly considered inefficient as compared to perfect competition Should we always break up a monopoly Why or why not Can a monopolist make profits in the long run Why

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Question: Please, I need some help answering these questions. I would like to understand the main idea with a clear and well-described response. Thanks and stay

Please, I need some help answering these questions. I would like to understand the main idea with a clear and well-described response. Thanks and stay well.

Why is a monopoly considered inefficient as compared to perfect competition?
Should we always break up a monopoly?Why or why not?
Can a monopolist make profits in the long-run? Why?

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