1. What's a market monopoly, also known as a natural monopoly? Answer: 2. What's a government monopoly? Answer: The next two questions (Q3 & Q4) are based on the graph below: Long-Run Average Total Cost Curve 20 18 16- LRATC 14 12 - Costs per unit 10- N 10 20 30 40 50 60 70 80 90 100 Quantity 3. Based on the graph above, do you agree the best production level for this firm is between 10 to 30 units? Explain.4. Based on the graph above, do you agree that producing 61 units or more will begin to eat away at prots, ceterisporibus. Explain. Answer: 5. Would you agree for a mnopoly if price = 51?, then MR might equal 514? Explain. Answer: The next two questions {(15 8: Q?) are based on the graph below: 5. Based on the graph above, is this a price searcher or price taker? Explain your answer. Answer: '3'. Based on the graph above, is this rm prot maximizing or loss minimizing, and by how much specifically? Explain. Answer: 8. 1Ill'lllhat's rent seeking? B] Give a current example. Answer: 9. 1Ill'lllhy is price discrimination more rampant online? B} and of which type[s] is it usually? ID. lAnswe r