Write down the detailed and well structured essay with answering each part of the question provided above .... use an example from the county fiji as a monopoly industry. max no of words 5000

Consider a monopolized industry. Is the deadweight loss from this industry greater if (1) the government sets price equal to average total cost or (2) the government sets price equal to marginal cost? Why? Use examples of monopoly form your own country to answer this question. (Max. 1000| words}