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1. Give an example of a government-created monopoly. Is creating a monopoly good or bad public policy? 2.Give two examples of price discrimination. What is

1. Give an example of a government-created monopoly.

Is creating a monopoly good or bad public policy?

2.Give two examples of price discrimination. What is the reasoning a monopolist chooses to follow this business strategy.

3.Describe three attributes of monopolistic competition. How is monopolistic competition like a monopoly? How is it like perfect competition?

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