Question: Q1. Using an example (not Amazon), explain the different characteristics of a monopoly. Explain how these characteristics apply to the example you have chosen and

Q1. Using an example (not Amazon), explain the different characteristics of a monopoly. Explain how these characteristics apply to the example you have chosen and how they differ from the assumptions of perfect competition

Q2. Using the Aggregate Demand/Aggregate Supply model (AD/AS), analyse how a policy maker might mitigate the consequences of a negative aggregate demand shock. Illustrate your answer by using a specific example and in particular include commentary on the effectiveness of fiscal and monetary policy.

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